Friday, July 8, 2011

An improvement in technology

ECONOMICS

Multiple Choice

Multiple Choice

An improvement in technology

a.will always result in a parallel shift of the production possibilities frontier

b.will never result in a parallel shift of the production possibilities frontier

c.will be indicated as a movement along the production possibilities frontier

d.will shift the production possibilities frontier outward but not necessarily to a parallel position

e.may not shift the production possibilities frontier

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