Suppose there is a major technological breakthrough in ONLY the consumer goods industry, and the new technology is widely adopted. (Indicate the curve you choose with two letters.) MIT Technology Review’s Top 10 Breakthrough Technologies for 2020 has been released. (Indicate the curve you choose with two letters.) Which curve in the diagram would represent the new produc- tion possibilities curve? 4. 10 Breakthrough Technologies 2019 How we’ll invent the future, by Bill Gates We asked Gates to choose this year’s list of inventions that will change the world for the better. Suppose there is a technological breakthrough, by using robotics and laser machines, in producing both Rye Bread and Eggs. Which curve in the diagram would represent the new production possibilities curve? Suppose a major technical breakthrough occurs in the capital goods industry and the new technology is widely adopted only in this industry. So an innovation that dramatically alters the cultural landscape is a major technological breakthrough. Which curve in the diagram would represent the new production possibilities curve? (Indicate the curve you choose with two letters.) Now assume that a technological advance occurs in consumer goods production, but not in capital goods production. 10. As a result, would there be economic growth? Suppose there is a major technological breakthrough in ONLY the consumer goods industry, and the new technology is widely adopted. The system is called Tesla Energy, and it has the potential to make… Suppose a major technological breakthrough occurs in the capital goods industry and the new technology is widely adopted only in this industry. Draw the new production possibilities curve. breakthrough definition: 1. an important discovery or event that helps to improve a situation or provide an answer to a…. Where will the new PPF curve shift, inward or outward? _____ 11. A new battery could "change the way the world uses energy," according Elon Musk, whose company Tesla Motors Inc. developed the product. 3. 6f. The technological singularity—also, simply, the singularity —is a hypothetical point in time at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. The annual report, titled 10 Breakthrough Technologies 2018, features some advances that have been in the works for years, and others that were more recent achievements. _____ 11. 10. Suppose there is a major technological breakthrough in the consumer-goods industry, and the new technology is widely adopted. Draw the new production possibilities curve. Learn more. Capital goods production major technical breakthrough occurs in the capital goods industry and the production. You choose with two letters. diagram would represent the new technology is adopted... 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