Technological Improvements Will

question 224

Multiple Choice

Technological improvements will:

• A)leave the production possibility frontier unchanged.
• B)shift the production possibility frontier inward.
• C)shift the production possibility frontier outward.
• D)necessarily lead to increased unemployment.

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Definitions:

Iron Triangles

Iron Triangles describe the stable, mutual relationships among regulatory agencies, interest groups, and legislative committees, leading to the implementation and perpetuation of specific policies and government actions.

Congressional Committee

A subgroup within the United States Congress tasked with specific duties, including legislation review, policy oversight, and investigations.

Executive Agency

A governmental body under the direct authority of the executive branch, responsible for administering specific legislation.

Interest Group

An organization or group that seeks to influence public policy and decision-making to benefit their particular interests or causes.