Increases in the Quality and Quantity of an Economy's Resources

question 108

True/False

Increases in the quality and quantity of an economy's resources have little effect on its potential output in the long run.

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Definitions:

Calvin-Benson Cycle

A series of biochemical reactions taking place in the stroma of chloroplasts in photosynthetic organisms, pivotal in converting carbon dioxide into glucose.

Cyclic Pathway

A series of biochemical reactions that return to the starting point, recycling intermediates and driving cellular processes.

Noncyclic Reactions

A phase of photosynthesis that involves a linear electron flow resulting in the production of oxygen, ATP, and NADPH as opposed to cyclic reactions where only ATP is produced.

Carbon Fixation

The process by which inorganic carbon (carbon dioxide) is converted into organic compounds by living organisms, primarily during photosynthesis.