When There Is an Improvement in Technology,holding All Else Constant

question 65

Multiple Choice

When there is an improvement in technology,holding all else constant,

• A) the production possibilities frontier will shift inward
• B) society faces larger opportunity costs from shifting productive resources from one use to another
• C) goods and services will increase in price
• D) the economy must have some idle resources
• E) the production possibilities frontier will shift outward

---

Definitions:

Evaluating Interventions

The process of assessing the effectiveness and impact of interventions to determine their value and potential improvements.

Reasons

Justifications or explanations for actions, beliefs, or phenomena, providing insight into cause-and-effect relationships.

Program Logic Model

A systematic and visual way to present and share understanding of the relationships among the resources you have to operate your program, the activities you plan, and the changes or results you hope to achieve.

Core Components

Fundamental elements or parts that make up a larger system or process, crucial for its operation or understanding.