Better Ideas or Technological Knowledge Causes

question 62

Multiple Choice

Better ideas or technological knowledge causes:

• A) the production function to shift upward.
• B) the investment function to shift upward.
• C) both the production function and the investment function to shift upward.
• D) neither the production function nor the investment function to shift upward.

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Definitions:

Social Exchange Theory

A hypothesis positing that actions within a society stem from a transactional process designed to optimize advantages while reducing disadvantages.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a person in need when other people are present.

Commotion

Disturbance or turmoil caused by a large amount of noise and confusion.

Social Exchange Theory

A sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits.