Refer to the information provided in Figure 2.6 below to answer the questions that follow. Figure 2.6
-Refer to Figure 2.6. A shift from ppf¹ to ppf^{2 may be caused by}

Question

Refer to the information provided in Figure 2.6 below to answer the questions that follow. Figure 2.6 -Refer to Figure 2.6. A shift from ppf¹ to ppf^{2 may be caused by}

Quizplus · Accepted Answer

An improvement in technology can shift the production possibility frontier outward, indicating an increase in the potential output of goods and services, which is what the shift from ppfS1U1P11S1S1P0 to ppfS1U1P12 suggests.

Refer to the Information Provided in Figure 2