If an Improvement in Production Technology Causes a Decrease in Production

question 86

Multiple Choice

If an improvement in production technology causes a decrease in production costs,the result is a(n)

• A) decrease in quantity supplied
• B) increase in demand
• C) increase in supply
• D) improvement is working conditions
• E) increase in quantity supplied

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Definitions:

Rite Of Passage

A ceremonial event or a significant experience that marks the transition of an individual from one social status to another, often associated with growing up or entering a new community.

Social Identity

The “we” aspect of our self-concept; the part of our answer to “Who am I?” that comes from our group memberships.

Postconventional Stage

A phase in moral development where individuals recognize and uphold universal ethical principles that may transcend laws.

Puberty

The developmental phase in humans and other primates marked by the maturation of the reproductive system, leading to reproductive ability.