Question : When there is an advancement of technology in respect of both the goods it is known as
Option 1: Rightward shift in PPF
Option 2: Leftward shift in PPF
Option 3: Rotation on X axis
Option 4: Rotation of Y axis

Question

Question : When there is an advancement of technology in respect of both the goods it is known as

Option 1: Rightward shift in PPF

Option 2: Leftward shift in PPF

Option 3: Rotation on X axis

Option 4: Rotation of Y axis

Team Careers360 · Accepted Answer

Correct Answer: Rightward shift in PPF

Solution : Technology advancements affecting both goods are referred to as a "rightward shift" in PPF. Hence, the correct option is 1.

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Question : When there is an advancement of technology in respect of both the goods it is known asOption 1: Rightward shift in PPFOption 2: Leftward shift in PPFOption 3: Rotation on X axisOption 4: Rotation of Y axis

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Question : When there is an advancement of technology in respect of both the goods it is known as
Option 1: Rightward shift in PPF
Option 2: Leftward shift in PPF
Option 3: Rotation on X axis
Option 4: Rotation of Y axis