An Increase in Productivity as a Result of a New

question 65

Multiple Choice

An increase in productivity as a result of a new technology would cause the production possibilities frontier to:

• A) shift in.
• B) shift out.
• C) not move until society chooses to move it.
• D) become more meaningful in policy decisions.

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Definitions:

Illusory Correlations

The belief in a connection between two factors when, in reality, no such connection is present.

Phonemes

The minimal sound component in a language that differentiates one word from another.

Morphemes

The smallest grammatical units in a language that carry meaning, such as prefixes, suffixes, and root words.

Algorithm

A step-by-step procedure or formula for solving a problem, typically used in computing and mathematical problem-solving.