--%>

Technological advance in costs

All else equivalent, when the output of one good raises, the output of other goods: (1) Should fall in an underemployed economy. (2) May rise as well when society begins on its PPF. (3) Will drop in an efficient and completely employed economy. (4) Essentially experiences the technological advance.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Public Economics

  • Q : Lifelong objectives with utilitarian

    To be everlastingly part of an association where utilitarian principles were discussed was between the lifelong objectives of: (w) Jeremy Bentham. (x) Robert Owen. (y) Saint Simon. (z) John Stuart Mill Can someone

  • Q : Illustrates a case of Scarcity and

    Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity.

    Q : Explain the problem of Macroeconomics

    Hello guys please suggest your answer for the given problem: A problem which MOST involves a macroeconomic problem is the result of a: (w) drought on the price of corn. (x) tax reform on the incomes of financial planners. (y) steel

  • Q : Where is all economic resources fall

    Can anybody advise me the explanation for specified problem regarding where is all the economic resources fall within the categories: (i) Infinite, free, energy, or knowledge. (ii) land, labor, capital, or entrepreneurship. (iii) consumption, saving,

  • Q : Find cigarette taxes testing in

    Positive economic analysis would take in testing a theory which raising cigarette taxes would: (1) harm smokers much more than it helped non-smokers. (2) enhance social welfare by reducing smoking from teenagers. (3) boost cigarette prices and decreas

  • Q : Problem relating to the Distributive

    Several parents ask children to write down lists of “things” they would like Santa to carry for Christmas, as well as to rank their “wants” in sequence. While gifts are positively associated to children’s lists, that “wish list&rdqu

  • Q : Requirements of each and every economic

    In contrast to free goods, each and every economic goods: (1) Raise happiness. (2) Are taxed. (3) Need large amounts of human labor to generate. (4) Entail opportunity costs? Please help me to solve the problem of

  • Q : Requirement of economic efficiency

    Economic efficiency needs which the: (i) Productivity is minimized subject to a specified cost. (ii) Production cost of a specified value of output is minimized. (iii) Cost is maximized subject to an output constraint. (iv) Whole dollar value of outpu

  • Q : Mixed economy of a market system

    Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

  • Q : Explain about the NO economic reform NO

    NO economic reform could probably: (w) remove scarcity. (x) decrease the average costs of production. (y) abolish equality in income distribution. (z) increase wages for most workers. How can I solve my eco