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What is a potential cause of an inward shift of the PPF?
How does a technological advancement in a specific industry affect the PPF?
How does an outward shift in the PPF affect opportunity costs?
Which of the following scenarios would result in an outward shift of the entire PPF?
How might policymakers use information about PPF shifts to make decisions about resource allocation?
How might policymakers use information about PPF shifts to make decisions about resource allocation?
Which of the following best describes the effect of a new technology that doubles the efficiency of producing solar panels?
How does an outward shift in the PPF affect opportunity costs?
Imagine an economy that can produce either computers or textiles. If a new technology improves computer production, how should the PPF be adjusted?
If a country discovers a new mineral resource, how should the PPF be adjusted?