If Technology Advances

question 206

Multiple Choice

If technology advances,:

• A) more output can be obtained from the same inputs.
• B) more inputs are needed to produce the same output.
• C) less output can be obtained from the same inputs.
• D) less output can be produced even with more inputs.

---

Definitions:

Nominal Terms

Values or figures that have not been adjusted for inflation, representing current prices or values.

Treasury Bills

Short-term U.S. government debt obligations with maturities of one year or less, considered a safe and liquid investment.

Optimal Weights

The proportion of each asset in a portfolio that maximizes its expected return for a given level of risk.

Expected Rate

Typically refers to the rate of return anticipated on an investment or project, based on projections or historical data.