Technological Improvement Allows More Output to Be Obtained from a Given

question 32

True/False

Technological improvement allows more output to be obtained from a given level of inputs, thereby shifting the production possibilities curve to the right.

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Definitions:

Political Risk

The risk associated with changes in government policy or political instability that can affect investments in a particular country.

Political Actions

Events or decisions by government bodies that can affect the economy or specific industries, potentially impacting investment values.

Spot Trade

A transaction that involves the immediate exchange of financial instruments or commodities.

Rupees

The official currency of India, symbolized as INR and used also in other South Asian countries.