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Exhibit 2-3 Refer to Exhibit 2-3. If PPF1 Is the Relevant Production

Question 21

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Exhibit 2-3 Exhibit 2-3 Refer to Exhibit 2-3. If PPF<sub>1</sub> is the relevant production possibilities frontier, society may move to PPF<sub>2</sub> as a result of A) an increase in resources. B) a decrease in resources. C) a decrease in technology. D) a simultaneous decrease in both resources and technology.
Refer to Exhibit 2-3. If PPF1 is the relevant production possibilities frontier, society may move to PPF2 as a result of


A) an increase in resources.
B) a decrease in resources.
C) a decrease in technology.
D) a simultaneous decrease in both resources and technology.

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