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

Question 46

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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, a shift to PPF<sub>2</sub> may depict A) economic growth. 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, a shift to PPF2 may depict


A) economic growth.
B) a decrease in resources.
C) a decrease in technology.
D) a simultaneous decrease in both resources and technology.

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