The Development of New Goods and Better Ways of Producing

question 105

Multiple Choice

The development of new goods and better ways of producing goods and services is

• A)capital accumulation.
• B)technological change.
• C)the big tradeoff.
• D)allocative efficiency.
• E)production efficiency.

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Definitions:

Stonehenge

A prehistoric monument in England, consisting of a ring of standing stones, with archaeological significance.

Birds Evolved

The scientific theory describing how modern birds are the descendants of dinosaur ancestors.

Premises

Statements or propositions that provide the basis or grounds for a conclusion in logical reasoning or argumentation.

Conclusion

A proposition whose truth an argument seeks to establish.