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Ceteris Paribus When Technological Change Allows a Smaller Amount of a Resource

Question 87

Multiple Choice

Ceteris paribus when technological change allows a smaller amount of a resource to be used in producing any combination of two goods,there will be:


A) A movement along the production possibilities curve.
B) An outward shift of the production possibilities curve.
C) An inward shift of the production possibilities curve.
D) No change in the production possibilities curve.

Correct Answer:

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