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A graph plots capital goods versus consumer goods. 3 parallel concave downward curves are graphed.The horizontal axis is labeled consumer goods. The vertical axis is
A graph plots capital goods versus consumer goods. 3 parallel concave downward curves are graphed.The horizontal axis is labeled consumer goods. The vertical axis is labeled capital goods. The graph shows three parallel concave downward curves. The first curve begins at a point on the vertical axis, goes down slightly and to the right until it reaches a point and then continues to go down with increasing steepness till it reaches a point marked P P 1 on the horizontal axis. Points A, B, and C are marked on the first curve in order from left to right, with A close to the vertical axis, C close to the horizontal axis, and B in between the two. Point D is marked below the first curve, to the left of C. The second curve is above the first curve and ends at a point marked P P 2 on the horizontal axis. Point E is marked on the second curve, above point B. The third curve is above the second curve and ends at a point marked P P 3 on the horizontal axis. Point F is marked on the third curve. Refer to the diagram. An improvement in technology will Multiple Choice move the economy from A, B, or C on PP1 to D. shift the production possibilities curve from PP2 to PP1. move the economy from A to C along PP1. shift the production possibilities curve from PP1 to PP2
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