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Introduction of Micro-Economics — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsIntroduction of Micro-Economics1 Mark
MCQ
When there is an improvement in technology, holding everything else constant:
  • A
    The production possibilities frontier shifts inward.
  • ✓
    The production possibilities frontier shifts upward.
  • C
    The production possibilities frontier remains the same.
  • D
    The production possibilities frontier shifts downwards.
✓

Answer

Correct option: B.
The production possibilities frontier shifts upward.

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