Production Possibilities curve and society's cost?

Question

I am studing for the exam. Here's the problem I don't understand.
I think if techlonogy improves, the production possibilities curve will upward. In this case, Is there cost to society of policies that lead to this increase? also could you tell me why?

Answer 1

Technology will indeed shift the production possibilities curve outward. In a sense, there may be costs to society. The new technology may cause fewer workers to be needed, so they would be displaced for a while until another industry absorbed them. But overall, society will be better off, as individuals will be able to consume more for the same amount of work.

Answer 2

11. authentic sixteen. whilst exports are extra advantageous than imports (a commerce surplus), the fee of internet exports is destructive. fake 21. The objective of the purchaser in a marketplace economic equipment is to apply his/her constrained income to purchase the set of goods and centers that maximizes his/her utility. the respond is D. 22. B. a school student purchases a pc computing device.