In General, the Higher the Proportion of Resources Devoted to Technological

question 71

Multiple Choice

In general, the higher the proportion of resources devoted to technological research in an economy, the

• A)greater will be current consumption.
• B)faster the production possibilities frontier will shift outward.
• C)faster the production possibilities frontier will shift inward.
• D)closer it will come to having a comparative advantage in the production of all goods.
• E)more bowed out will be the shape of the production possibilities frontier.

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Definitions:

Years

Years are units of time that represent the period it takes for the Earth to complete one orbit around the Sun, commonly used to measure the duration of events and age.

Procedural Memory

Procedural memory is a type of long-term memory that enables people to perform tasks without conscious awareness of the previous experiences that underlie those tasks, such as riding a bike or typing.

Declarative Memory

The aspect of human memory that involves the ability to consciously recall facts and events.

Sequential Memory

The ability to remember a sequence of events or pieces of information in the order in which they occurred or were presented.