160k views
0 votes
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?

User Umit
by
4.9k points

1 Answer

3 votes

Answer:

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.

User Ofo
by
4.9k points