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  3. Study Set
    Macroeconomics Study Set 20
  4. Exam
    Exam 2: Production Possibilities Frontier Framework
  5. Question
    -Refer to Exhibit 2-3
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-Refer to Exhibit 2-3

Question 67

Question 67

Multiple Choice

  -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)  an increase in technology. D)  both a and c E)  both b and c
-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) an increase in technology.
D) both a and c
E) both b and c

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