Technological innovations will cause: a. the production possibilities curve to shift to the left....

Question:

Technological innovations will cause:

a. the production possibilities curve to shift to the left.

b. the production possibilities curve to shift to the right.

c. the production possibilities curve to stay the same.

d. an economy to operate below its production possibilities curve.

Production Possibility Curve:

In economics, the term production possibility curve refers to the combination of two products/services that a nation can produce by using the available resources more judiciously.

Answer and Explanation: 1

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  • Technological innovations will cause b. the production possibilities curve to shift to the right.

When there is a technological innovation in an...

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Shifts in the Production Possibilities Curve

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Chapter 1 / Lesson 5
294K

Learn about the production possibilities frontier (PPF). See what the PPF graph represents and what causes the ppc curve to shift outward.


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