When firms use new and better ways of producing all goods and services, OA. the opportunity cost of producing every good increases OB. the economy moves along its production possibilities frontier OC. economic growth occurs, but it is not free OD. the PPF rotates outward so that the economy can produce more of the good measured on the x-axis but the same amount of the good measured on the y-axis

When firms use new and better ways of producing all goods and services, OA. the opportunity cost of producing every good increases OB. the economy moves along its production possibilities frontier OC. economic growth occurs, but it is not free OD. the PPF rotates outward so that the economy can produce more of the good measured on the x-axis but the same amount of the good measured on the y-axis

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 3WNG

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