Using a production possibilities curve, a technological advance ...

[maychende]

Using a production possibilities curve, a technological advance that increases the amount of output for the same amount of inputs would be illustrated as a(n):
 a. flattening of the curve.
  b. movement from one point to another point along the curve.
  c. outward shift of the curve.
  d. movement from a point on the curve to a point inside the curve.

Question 2

Which of the following would be least likely to cause the production possibilities curve to shift outward?
 a. a decreased desire for leisure by workers in the economy.
  b. an invention that requires fewer resources to produce a good.
  c. a shift in consumer preferences that causes expansion in the output of one product and a decline in output of other products.
  d. an expansion in the man-made productive resources available to the economy as the result of a high rate of investment.

[tmlewis4706]

Answer to Question 1

c

Answer to Question 2

c