Multiple Choice
Technological change in the good located on the vertical axis (Y2) :
A) shifts the PPF out symmetrically
B) shifts the PPF out to the right
C) shifts the PPF up
D) keeps the PPF constant
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Movements along a Production Possibilities Frontier (curve)
Q52: The PPF is:<br>A) concave to the origin<br>B)
Q53: The Production Possibilities Frontier (curve) represents all
Q54: The opportunity cost of a resource tells
Q55: If all resources are used to produce
Q56: The MRPS is:<br>A) the rate at that
Q57: Technological change will affect the:<br>A) PPF<br>B) isorevenue
Q59: A Production Possibilities Frontier (curve) represents:<br>A) how
Q60: The Marginal Rate of Product Substitution (MRPS)
Q61: Productive efficiency is found:<br>A) on PPF<br>B) on