If some technological advancement is made, the economy’s production possibility curve shifts in which direction?

Towards the left

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Constant

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Towards the right

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Downwards

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Solution

The correct option is C
Towards the right

Technological progress by improving productive efficiency enables us to produce more of Good A and Good B with the given amount of resources. Hence the PPC shifts towards the right.

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Name the situation reflected by an economy which produces a combination of goods that lie below its production possibility curve.

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