Technological Progress Makes the Production Possibilities Frontier

question 252

Multiple Choice

Technological progress makes the production possibilities frontier

• A) shift inward toward the origin.
• B) become more linear and less bowed.
• C) shift outward from the origin.
• D) become less linear and more bowed.

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Typical Consumer

An average or representative individual in the economy who consumes goods and services and whose behaviors reflect broader consumer trends.

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The total amount of money spent by households in an economy on goods and services.

Bureau Of Labor Statistics

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