The assassination set off a rapid chain of events, as austria-hungary immediately blamed the serbian government for the attack. as large and powerful russia supported serbia, austria asked for assurances that germany would step in on its side against russia and its allies, including france and possibly great britain. on july 28, austria-hungary declared war on serbia, and the fragile peace between europe’s great powers collapsed, beginning the devastating conflict now known as the first world war.

True.

Explanation:

The assassination of the Archduke Franz Ferdinand of Austria and his wife Sophie by Serb nationalist set of a series of events that resulted in the First world war. However, it should be noted that it is the immediate cause of war but tensions were prevailing for a long time between the imperialist forces which exploded with this event on 28 July 1914 and the war continued for the next five years.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.