Author Question: Technological progress makes the production possibilities frontier A) shift inward toward the ... (Read 42 times)

javeds · **on:** Jun 29, 2018

Technological progress makes the production possibilities frontier

A) shift inward toward the origin.
B) become more linear and less bowed.
C) shift outward from the origin.
D) become less linear and more bowed.

Question 2

In the figure above, when income equals 20,000, what does consumption equal?

A) 0
B) 10,000
C) 20,000
D) impossible to tell