Multiple Choice
Suppose there is an improvement in technology.Which statement best reflects what would happen to a production possibilities frontier?
A) A parallel shift of the production possibilities frontier would always result.
B) A parallel shift of the production possibilities frontier would never result.
C) A movement along the production possibilities frontier would be indicated.
D) The production possibilities frontier would shift outward but NOT necessarily to a parallel position.
Correct Answer:
Verified
Correct Answer:
Verified
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