1 Improvements in Technology

question 45

Multiple Choice

1. Improvements in technology. 2. Increases in the supply (stock) of capital goods.
3) Purchases of expanding output.
4) Obtaining the optimal combination of goods, each at least-cost production.
5) Increases in the quantity and quality of natural resources.
6) Increases in the quantity and quality of human resources.
Which set of items in the accompanying list would move an economy from a point inside its
Production possibilities curve to a point on its production possibilities curve?

• A) 1, 2, 5, and 6 only
• B) 3 and 4 only
• C) 3 only
• D) 1, 3, and 4 only

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Definitions:

Reward

A benefit or positive feedback given for a specific action or behavior, often used as a means of encouragement.

Variable Ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Lottery Tickets

Printed or digital tokens purchased for a chance to win a prize in a drawing based on random selection, part of gambling activities.

Reinforcement

A process in behavioral psychology that strengthens a behavior by providing a consequence an individual finds rewarding.