Increases in Resources or Improvements in Technology Will Cause the Production

question 103

Multiple Choice

Increases in resources or improvements in technology will cause the production possibilities frontier to

• A)shift outward
• B)shift inward
• C)become a straight line
• D)become horizontal
• E)become vertical

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Definitions:

Universal Truth

A fundamental principle or fact that is valid at all times and in all places.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis, experimentation, and conclusion.

Method of Authority

The acceptance of information or knowledge based on the credibility or expertise of the source, rather than on empirical evidence.

A Priori Method

An approach that derives conclusions through logical reasoning rather than from empirical observation, often used in philosophy and theoretical sciences.