An Increase in the Technology Used in the Production of Only

question 31

Multiple Choice

An increase in the technology used in the production of only one of the two goods in a society will

• A)eliminate scarcity
• B)move the production possibilities frontier out in all directions
• C)move the production possibilities frontier in all directions
• D)leave one intercept of the production possibilities frontier fixed and swing out from the other

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Definitions:

Sandstone

A sedimentary rock formed by the consolidation and compaction of sand, often containing minerals like quartz or feldspar.

Sedimentary Clasts

Pieces of rock or mineral fragments that are transported and deposited by wind, water, or ice, then compacted and cemented into sedimentary rock.

Breccia

A type of rock composed of broken fragments of minerals or rocks cemented together by a fine-grained matrix.

Conglomerate

A sedimentary rock composed of rounded clasts of varying sizes cemented together by a matrix.