Multiple Choice
In terms of the production possibility frontier, an increase in productivity attributable to new technology would best be shown by
A) a movement along the frontier.
B) the production possibility frontier shifting outward, away from the origin.
C) a movement from a point inside the frontier to a point on it.
D) a movement toward the origin.
Correct Answer:

Verified
Correct Answer:
Verified
Q171: All markets involve buyers and sellers engaging
Q172: Refer to the information provided in Figure
Q173: Refer to the information provided in Figure
Q174: A command economy eliminates markets.
Q175: Refer to the information provided in Figure
Q177: Production decisions are centralized in a(n)<br>A) laissez-faire
Q178: Refer to the information provided in Figure
Q179: As you move down the production possibility
Q180: Goods and services of value to households
Q181: Refer to the information provided in Figure