Technological Progress _______________

question 26

Multiple Choice

Technological progress _______________.

• A) results in a downward shift of the marginal cost curve
• B) results in an upward shift of the marginal cost curve
• C) results in an upward shift of the willingness to pay curve
• D) results in a downward shift of the willingness to pay curve

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Definitions:

Necessary Risk

A risk that is considered acceptable in order to achieve a specific outcome or benefit, typically after evaluating the potential negatives and positives.

Amniocentesis

A medical procedure used in prenatal diagnosis, where a small amount of amniotic fluid is extracted from the amnion around a fetus to test for genetic conditions.

Biopsy

A medical test involving the extraction of sample cells or tissues for examination to determine the presence or extent of a disease.

Genetic Abnormalities

Irregularities in DNA that can lead to diseases or conditions.