A Change in Technology That Increases the Marginal Physical Product

question 151

Multiple Choice

A change in technology that increases the marginal physical product of an input will:

• A) shift the input demand curve to the left.
• B) shift the input demand curve to the right.
• C) result in a movement down along the input demand curve.
• D) result in a movement up along the input demand curve.

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Definitions:

Instability

A state of unpredictability or potential for change that can affect systems, nations, markets, or personal circumstances often negatively.

Dental Decay

The breakdown of teeth due to acids made by bacteria; also known as cavities or caries.

Neolithic

Relating to the last phase of the Stone Age, characterized by the development of agriculture and the making of polished stone tools.

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