An increase in productivity as a result of a new technology would cause the production possibilities frontier to:

A. shift in.
B. shift out.
C. not move until society chooses to move it.
D. become more meaningful in policy decisions.


B. shift out.

Economics

You might also like to view...

Since 1981, deaths from cardiovascular diseases have decreased in the United States

Indicate whether the statement is true or false

Economics

What is a term referring to a table that shows the quantity supplied at a range of different prices?

a. demand curve b. demand schedule c. supply curve d. supply schedule

Economics

Core competency occurs when: a. a business focuses on a wide range of products rather than a few products. b. a business focuses on one or few products rather than a wide range of products. c. a business sells products at a high price

d. a business is merged with another profit-making business.

Economics

A ceiling imposed by a country on the quantity of a good or service it will import is called a

A. quota. B. tariff. C. non-tariff barrier. D. trade embargo.

Economics