For a Given State of Unchanging Production Technologies Without the Technological

question 22

Multiple Choice

For a given state of unchanging production technologies without the technological change:

• A) no further growth in living standards can be achieved at some point in time.
• B) further growth in living standards can be achieved if investment is higher than
• Consumption.
• C) further growth in living standards can be achieved at some point in time.
• D) further growth in living standards can be achieved if saving is higher than investment.

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Definitions:

Standard

A specimen for which test values are already known; used to calibrate test equipment.

Medical Assistant

A healthcare professional who supports the work of physicians and other health professionals, usually in a clinic setting, through a variety of tasks.

POL

Abbreviation for Point Of Lay, referring to the age at which poultry are ready to start laying eggs; can also stand for Physicians' Office Laboratory, a lab within a physician's office.

Supplies

Materials and items necessary for carrying out a process or activity, especially in professions like healthcare or education.