If Other Factors Remain Unchanged, Technological Progress in Producing Good

question 58

Multiple Choice

If other factors remain unchanged, technological progress in producing good X definitely will lead to

• A)an increase in the market clearing price of good X and a decrease in the equilibrium quantity of good X.
• B)an increase in both the market clearing price and the equilibrium quantity of good X.
• C)a decrease in the market clearing price of good X and an increase in the equilibrium quantity of good X.
• D)a decrease in both the market clearing price and the equilibrium quantity of good X.

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Definitions:

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to cope with reality or maintain self-image.

Feelings Of Inadequacy

Emotional states reflecting a lack of confidence or belief in one's own abilities or worth.

Infantile Thoughts

Primitive or early-stage cognitive processes often associated with or characteristic of infancy and early childhood.

Unconsciously

Without conscious awareness, done automatically or without intentional control.