When There Is an Improvement in Technology,holding All Else Constant

question 65

Multiple Choice

When there is an improvement in technology,holding all else constant,

• A) the production possibilities frontier will shift inward
• B) society faces larger opportunity costs from shifting productive resources from one use to another
• C) goods and services will increase in price
• D) the economy must have some idle resources
• E) the production possibilities frontier will shift outward

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