An economy produces capital and consumer goods. Discuss the impact on the PPF due to the following: (a) The discovery of a new source of oil (b) The unemployment rate in the economy has decreased by 5% (c) Improved technology that impacts only the production of capital goods.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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An economy produces capital and consumer goods. Discuss the impact on the PPF due to the following:

(a) The discovery of a new source of oil

(b) The unemployment rate in the economy has decreased by 5%

(c) Improved technology that impacts only the production of capital goods.

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