evaluate-the-impact-of-a-general-increase-in-technology-on-the-ppf-of-an-economy

Question

Evaluate the impact of a general increase in technology on the PPF of an economy producing both agricultural and industrial goods.

Accepted Answer

The PPF will shift outward for both agricultural and industrial goods.

Answer

The PPF will shift outward only for industrial goods.

Answer

The PPF will shift inward for both agricultural and industrial goods.

Answer

The PPF will remain unchanged for both agricultural and industrial goods.