A technological advance would best be represented by

A. A movement from inside the production possibilities curve to a point on the production possibilities curve.
B. A movement from the production possibilities curve to a point inside the production possibilities curve.
C. A shift inward of the production possibilities curve.
D. A shift outward of the production possibilities curve.


Answer: D

Economics

You might also like to view...

Most cultural theories of poverty assert that the poor lack sufficient desire and motivation to escape poverty

Indicate whether the statement is true or false

Economics

Which of the following provides monetary damages in cases of intentional employment discrimination?

a. Equal Pay Act of 1963 b. Civil Rights Act of 1964 c. Civil Rights Act of 1991 d. Fair Labor Standards Act of 1938

Economics

If a country's per capita GDP is initially $100 and then grows for 3 years at 8 percent per year, its per capita GDP at the end of the three years will be around $10,000

a. True b. False Indicate whether the statement is true or false

Economics

A tax credit for purchases of capital goods causes the interest rate to increase and the exchange rate to appreciate

a. True b. False Indicate whether the statement is true or false

Economics