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Author Question: An improvement in technology a. will always result in a parallel shift of the production ... (Read 115 times)

JGIBBSON

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on: Jul 1, 2018
An improvement in technology
 a. will always result in a parallel shift of the production possibilities frontier
  b. will never result in a parallel shift of the production possibilities frontier
  c. will be indicated as a movement along the production possibilities frontier
  d. will shift the production possibilities frontier outward but not necessarily to a parallel position
  e. may not shift the production possibilities frontier

Question 2

Which of the following would shift the production possibilities frontier outward?
 a. a reduction in inefficiency
  b. a reduction in the size of the labor force
  c. an improvement in technology
  d. a change in the combination of goods produced
  e. increasing opportunity costs


b614102004

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


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JGIBBSON

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Reply #2 on: Jul 1, 2018
Thank you :)


b614102004

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Reply #3 on: Jul 1, 2018
Happy to help you


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