Examlex
Which of the following statements is TRUE with respect to administrative law?
Technological Progress
The advancement in technological capabilities leading to improved products, processes, or services.
Production Possibilities Curve
A visual chart that depicts the highest number of products or services that can be manufactured using a set amount of resources.
Outward Shift
An increase in the potential output of an economy, often represented by an outward movement on a graph.
Productive Resources
Inputs used in the production of goods and services, including land, labor, and capital.
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