Using a Production Possibilities Curve, a Technological Advance That Increases

question 52

Multiple Choice

Using a production possibilities curve, a technological advance that increases the amount of output for the same amount of inputs would be illustrated as

• A) an inward shift of the curve.
• B) a movement from one point to another point along the curve.
• C) an outward shift of the curve.
• D) a movement from a point on the curve to a point inside the curve.

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Definitions:

Matrix Structure

A structure that sets up teams from different departments, thereby creating two or more intersecting lines of authority; also called a project management structure.