Technological Advance Improves Productive Efficiency by

question 241

Multiple Choice

Technological advance improves productive efficiency by

• A)lowering average total cost.
• B)increasing marginal utility.
• C)enhancing monopoly power.
• D)giving society a more-preferred mix of goods and services.

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Definitions:

Capital Market Instruments

Financial securities used in the capital markets to raise funds or investment, including stocks, bonds, debentures, and other vehicles.

Commercial Loan

A debt-based financial agreement between a business and a financial institution, used for funding major capital expenditures or operational costs.

Money Market Mutual Funds

Money Market Mutual Funds are investment funds that invest in short-term debt securities and aim to provide returns with minimal risk.

Indirect Finance

Indirect finance occurs when borrowers and lenders exchange funds through an intermediary, usually a bank or financial institution, rather than directly between themselves.