Technological advance is shown as a(n)
A)movement from a point inside a production possibilities curve to a point on the curve.
B)movement along a production possibilities curve.
C)outward shift of a production possibilities curve.
D)inward shift of a production possibilities curve.

Question

Quizplus · Accepted Answer

Technological advances allow for more efficient production or the ability to produce more output with the same amount of inputs, which is represented by an outward shift of the production possibilities curve. This indicates an expansion in the economy's capacity to produce goods and services.

Technological Advance Is Shown as A(n)