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28 across: Whenever technology advances, an economy can produce more output with resources. 28across. Whenever technology advances,an economy can produce more output with--resources. Hint 

          28 across:
Whenever technology advances, an economy can produce more output with resources.
28across. Whenever technology advances,an economy can produce more output with--resources.
Hint
28 across whenever technology advances an economy can produce more output with resources 28across whenever technology advancesan economy can produce more output with resources hint 35693

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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28 across: Whenever technology advances, an economy can produce more output with resources. 28across. Whenever technology advances,an economy can produce more output with--resources. Hint
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Transcript

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00:01 So here we're talking production possibilities and we're making a choice between government goods and services and private goods and services.
00:07 So let's draw a production possibilities frontier, right? so here we have public goods and on the vertical axis we have private goods.
00:20 Now a production possibilities frontier, which looks something like this, right, distinguishes between what is possible and what is not possible, right? outside here would be impossible, inside here is possible.
00:37 So that means being on the frontier is efficient because it's possible and it's as good as you can possibly do.
00:43 So now we have improvements, right? improvements in our resources, improvements in technology...
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