In General, the More Resources That Are Devoted to Technological

question 33

Multiple Choice

In general, the more resources that are devoted to technological research, the

• A) greater is current consumption.
• B) higher is the unemployment rate.
• C) faster the PPF shifts outward.
• D) more the PPF will bow outward.

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Definitions:

Previous Wages

The past earnings or salaries received by an individual from employment or labor.

Means-Tested

A determination of who is eligible for government assistance based on financial need or income.

Indexed Benefit

A type of benefit or payment that is adjusted according to a specified index, often to keep up with inflation or cost of living changes.

In-Kind

Refers to payments or contributions made in goods or services instead of cash.