By Using All Available Resources and Technology the Economy Will

question 73

Multiple Choice

By using all available resources and technology the economy will:

• A) Shift aggregate supply to the right.
• B) Shift the production possibilities curve to the right.
• C) Experience long-run economic growth.
• D) Produce at a point on the production possibilities curve.

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Definitions:

Investment

Items acquired with the hope that they will produce earnings or increase in value over time.

Annual Return

The percentage change in an investment's value over a one-year period, including dividends, interest, and capital gains.

Education Fund

A savings or investment account set aside for educational expenses, often with tax advantages, to support an individual's future education costs.

Total Value

The combined market value or monetary worth of all assets, goods, services, or obligations.