Increases in resources or improvements in technology will tend to cause a society's production possibility frontier to:
A)shift inward.
B)shift outward.
C)remain unchanged.
D)become vertical.

Question

Quizplus · Accepted Answer

Increases in resources or improvements in technology will result in an increase in the potential output of an economy. Therefore, the society's production possibility frontier will shift outward, indicating that more goods and services can be produced with the same amount of resources and technology.

Increases in Resources or Improvements in Technology Will Tend to Cause