An Improvement in Technology Will Cause the

question 89

Multiple Choice

An improvement in technology will cause the

• A) production possibility frontier to shift outward.
• B) production possibility frontier to shift inward.
• C) economy to move down the production possibility frontier.
• D) economy to move closer to its production possibility frontier.

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Definitions:

Social Position

The rank or status of an individual or group within the social hierarchy, defined by factors like wealth, occupation, or education.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to conditions optimal for survival.

Equilibrium

A state of balance or stability within a system, where all forces or influences are equally counteracted by others.

Boundaries

Limitations or borders that define acceptable behavior and help maintain personal integrity and interpersonal relationships.