Do the Recent High Technological Advances and Productivity Rates Mean

question 121

Multiple Choice

Do the recent high technological advances and productivity rates mean that the business cycle is dead?

• A)Yes, the faster rate of productivity growth will eliminate recession.
• B)Yes, the changes in technology have a compound, positive effect on the economy.
• C)No, the trend line for economic growth is just steeper, but there can still be economic downturns.
• D)No, the fact there are many start-up firms means that there will be more bankruptcies that will hurt the economy.

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Definitions:

Moral Development

The process by which individuals learn and apply concepts of right and wrong, often influenced by cultural, societal, and personal factors.

Postconventional Reasoning

A stage of moral development in which the individual's moral reasoning is based on personal principles and values rather than conventional rules.

Preconventional Reasoning

A stage in moral development where individuals make judgments based on external consequences rather than internal ethics or societal rules.

Maintain Identity

The process of preserving a sense of self or individuality, often in the face of change or within group dynamics.