Technological Improvements Cause

question 62

Multiple Choice

Technological improvements cause

• A)New firms to enter but existing firms to continue producing their old output levels.
• B)Some firms to exit but the remaining firms to produce more output.
• C)Existing firms to produce more output.
• D)Existing firms to continue producing their old output levels but to lower the price of the products.

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Definitions:

Social Relationships

Connections between individuals, shaped by social structures, roles, and cultural contexts, that affect their interactions and behavior.

Clubs

Organizations or groups of people with a common purpose or interest, who typically meet regularly.

Maternal Genetics

The study of how genetic traits and conditions are inherited from the mother, affecting offspring's genetic makeup.

Homosexuality

A sexual orientation characterized by an emotional and sexual attraction to people of one's own gender.