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A Positive Technological Change Will Cause the Quantity Supplied of a Good

question 12

True/False

A positive technological change will cause the quantity supplied of a good to increase.


Definitions:

Net Investment

Gross investment minus depreciation.

Gross Private Domestic Investment

The aggregate amount of investment in physical assets, such as buildings and machinery, by the private sector within a country.

Military Goods

Products and services specifically designed, manufactured, and supplied for use by armed forces.

Intermediate Products

These are goods that are used as inputs in the production of other goods and services, not intended for final consumption.

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