An improvement in technology will cause the

A) production possibility frontier to shift outward.
B) production possibility frontier to shift inward.
C) economy to move down the production possibility frontier.
D) economy to move closer to its production possibility frontier.

Question

Kimberly Marie · Accepted Answer

Final Answer : A, Explanation :  An improvement in technology enhances the efficiency of production, allowing an economy to produce more goods and services with the same amount of resources, which is represented by an outward shift of the production possibility frontier (PPF).

An improvement in technology will cause the

A) production possibility frontier to shift outward.
B) production possibility frontier to shift inward.
C) economy to move down the production possibility frontier.
D) economy to move closer to its production possibility frontier.

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Learning Objectives

Related questions

An improvement in technology will cause theA) production possibility frontier to shift outward.B) production possibility frontier to shift inward.C) economy to move down the production possibility frontier.D) economy to move closer to its production possibility frontier.

Definitions

Learning Objectives

Learning Objectives

Related questions

An improvement in technology will cause the

A) production possibility frontier to shift outward.
B) production possibility frontier to shift inward.
C) economy to move down the production possibility frontier.
D) economy to move closer to its production possibility frontier.