Statement I.Technological advance pushes a country's production possibilities frontier outward.
Statement II.Our economic growth slowed down from the early 1970s compared to the two decades before the 1970s.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Technological Advance

The development and application of innovative techniques, tools, or methods that enhance efficiency, productivity, or quality.

Production Possibilities Frontier

An illustration representing the optimal production capabilities for a pair of items, using specific resources and conditions.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating a rise in the standard of living.