Question

An inventor found a new way to produce more steel from each ton of her country’s iron ore. How would a production possibilities curve reflect the application of that discovery to the country’s production of steel cookware? Why?

Answer 1

the production possibility curve shifts outward with the advancement in the technology.

Step-by-step explanation:

An inventor found a new way to produce more steel from each ton of her country’s iron ore. How would a production possibilities curve reflect the application of that discovery to the country’s production of steel cookware? Why? the production possibility curve shifts outward with the advancement in the technology.