Multiple Choice
An advance in technology commonly refers to the ability to produce
A) the same output with a smaller quantity of resources.
B) more output with a fixed quantity of resources.
C) more output with a greater quantity of resources.
D) both a and b
E) both b and c
Correct Answer:
Verified
Correct Answer:
Verified
Q36: The law of increasing opportunity costs states
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q38: Jose has one evening in which to
Q39: The PPF between goods X and Y
Q40: If a society's unemployment rate rises from
Q42: Country X has a high unemployment rate.It
Q43: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q44: When opportunity costs are constant,the PPF will
Q45: If increasingly more units of good Y
Q46: A decrease in the quantity of resources<br>A)