Solved

If Firms Adopt a Technology That Can Increase Production Without

Question 105

Multiple Choice

If firms adopt a technology that can increase production without increasing labor or other resource inputs, then


A) the production possibilities curve remains unchanged.
B) the production possibilities curve shifts inward.
C) there is movement along the production possibilities curve.
D) society does not face a new set of tradeoffs.
E) points that were previously unattainable to society may now be attainable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q100: Suppose you must divide your time between

Q101: Exhibit 1-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-4

Q102: Scarcity applies to everyone regardless of income.

Q103: The existence of scarcity implies that<br>A)economic interaction

Q104: Exhibit 1-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-6

Q106: Exhibit 1-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-8

Q107: Trade benefits people only when they together

Q108: International trade exists only when a country

Q109: Resources include all of the following except<br>A)Money<br>B)Workers<br>C)Land<br>D)Machinery<br>E)Factories

Q110: Transaction costs are the costs of<br>A)bribing government