Technological Change Is Represented on a Macro Production Possibilities Frontier

question 254

True/False

Technological change is represented on a macro production possibilities frontier (PPF) by an outward shift of the PPF.

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Definitions:

Sudhir Venkatesh

An American sociologist known for his detailed research and work in urban neighborhoods, highlighting issues of poverty, crime, and gang life.

Familism

A social structure where the needs of the family as a group are more important and prioritized over the needs of any individual family members.

Double Standard

A double standard refers to the application of different sets of principles for similar situations, or to different people, often leading to unfair or prejudicial treatment.

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