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Figure 2-7 -Refer to Figure 2-7. What Would Most Likely Have Caused

Question 153

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Figure 2-7 Figure 2-7   -Refer to Figure 2-7. What would most likely have caused the production possibilities frontier to shift outward from A to B? A)  an increase in resources necessary to produce capital goods B)  an improvement in the technology of producing consumer goods C)  an increase in the overall level of technology in the economy D)  an increase in opportunity cost
-Refer to Figure 2-7. What would most likely have caused the production possibilities frontier to shift outward from A to B?


A) an increase in resources necessary to produce capital goods
B) an improvement in the technology of producing consumer goods
C) an increase in the overall level of technology in the economy
D) an increase in opportunity cost

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