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PPF - Outward Shifts
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Problem 9
PPF - Outward Shifts
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2. Introductory Economic Models / PPF - Outward Shifts / Problem 8
Problem 8
Evaluate the impact of a general increase in technology on the PPF of an economy producing both agricultural and industrial goods.
A
The PPF will shift outward only for industrial goods.
B
The PPF will shift outward for both agricultural and industrial goods.
C
The PPF will shift inward for both agricultural and industrial goods.
D
The PPF will remain unchanged for both agricultural and industrial goods.
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