A major technological advance would be represented on a production possibilities curve by a(n):
a. movement off the production possibilities curve toward a point outside the curve.
b. movement toward the curve from a point inside the curve.
c. outward shift of the entire curve.
d. movement to the left along the curve to a higher point.
Question 2
Robinson Crusoe's decision to produce more capital goods and fewer consumer goods in a given period causes:
a. a decrease in the resources available in its economy.
b. an increase in economic growth in future periods.
c. a decrease in economic growth in future periods.
d. no change in the availability of resources in its economy.
e. a decrease in the ability to produce goods in the next period.
A sigmoid (cooperative) binding curve
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