The Increase in Technology Used to Produce a Good Would

question 81

Multiple Choice

The increase in technology used to produce a good would

• A)move its supply curve to the right.
• B)move its supply curve to the left.
• C)cause a movement along the supply curve to a (higher price, higher quantity)point.
• D)cause a movement along the supply curve to a (lower price, lower quantity)point.

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Definitions:

Species Being

A concept in Marxist theory referring to the inherent nature of humans to shape their environment and themselves through labor.

Material Reality

Refers to the physical world or physical aspects of existence as perceived through the senses, independent of mental constructions or interpretations.

Human Activities

Actions or endeavors undertaken by people that impact the environment, society, or economy, encompassing a wide range of behaviors and processes.

Material Purpose

The inherent or intended function of a material object, often relating to its practical use or role in achieving a goal.