Author Question: A production possibilities frontier will shift outward if there is an improvement in technology. a. ... (Read 85 times)

Brittanyd9008 · **on:** Jul 1, 2018

A production possibilities frontier will shift outward if there is an improvement in technology.
a. True
b. False

Question 2

On a production possibilities frontier, the opportunity cost of one more unit of a commodity per time period is measured by the
a. monetary price of the commodity
b. amount of the other commodity that must be sacrificed
c. amount of unemployed resources that must be used
d. amount of satisfaction it gives consumers
e. amount of tax paid to government for production, sale, and use of the commodity