Capital Goods 0 A E B C F Multiple Choice PP PP PP₂ Consumer Goods Refer to the diagram. An improvement in technology will move the economy from B to A along PP1 shift the production possibilities curve from PP2 to PP3 move the economy from A, B, or Con PP₁to D. shift the production possibilities curve from PP3 to PP2-

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Capital Goods
0
A
E
B
D C
F
PP PP2 PP3
Consumer Goods
Multiple Choice
O
Refer to the diagram. An improvement in technology will
move the economy from B to A along PP1
shift the production possibilities curve from PP2 to PP 3-
move the economy from A, B, or Con PP₁ to D.
shift the production possibilities curve from PP3 to PP2.
Transcribed Image Text:Capital Goods 0 A E B D C F PP PP2 PP3 Consumer Goods Multiple Choice O Refer to the diagram. An improvement in technology will move the economy from B to A along PP1 shift the production possibilities curve from PP2 to PP 3- move the economy from A, B, or Con PP₁ to D. shift the production possibilities curve from PP3 to PP2.
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