In Terms of the Production Possibility Frontier, an Increase in Productivity

question 176

Multiple Choice

In terms of the production possibility frontier, an increase in productivity attributable to new technology would best be shown by

• A) a movement along the frontier.
• B) the production possibility frontier shifting outward, away from the origin.
• C) a movement from a point inside the frontier to a point on it.
• D) a movement toward the origin.

---

Definitions:

Confidence Interval

Range or interval of values with a stated probability of containing an unknown population parameter.

Mean

The mean is the average of a data set, calculated by adding all the numbers together and then dividing by the count of those numbers.

Confidence Limits

Lower and upper boundaries of a confidence interval.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.