Improvements in Technology Have Significantly Increased the Quality of Products

question 35

True/False

Improvements in technology have significantly increased the quality of products, as well as helped reduce costs.

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Definitions:

Wealth

The abundance of valuable financial assets or physical possessions which contributes to an individual's or group's prosperity and financial security.

Reaganomics

An economic policy attributed to U.S. President Ronald Reagan, characterized by tax cuts, deregulation, increased defense spending, and a reduction in government welfare programs.

Poorest Fifth

A term used to describe the bottom 20% of the population in terms of income or wealth distribution.

Income Dropped

A decrease in the amount of money received by an individual, household, or group over a certain period.