I have economics HW due in a couple at the latest 11:59 PM today. I dont need you guys to do the HW but just explain to me what the assignment is asking for. The question is:
Changes in technology have an impact on the US economy. Research technological inventions and describe the impact of two on the US production possibilities frontier.
What I dont quite get is what the production possibilities frontier in this context really means. So thanks for all your help.
Changes in technology have an impact on the US economy. Research technological inventions and describe the impact of two on the US production possibilities frontier.
What I dont quite get is what the production possibilities frontier in this context really means. So thanks for all your help.