An advance in technology will
A) not shift the production function but will lead to a movement down along the production function.
B) shift the production function downward.
C) not shift the production function but will lead to a movement up along the production function.
D) shift the production function upward.
D
Economics
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The statement that "measures of the distribution of income are based on money income" relates to which problem in measuring inequality?
a. in-kind transfers b. economic life cycle c. transitory versus permanent income d. economic mobility
Economics
What is meant by the “economizing problem”?
Please provide the best answer for the statement.
Economics