Which of the Following Is True of Technology

question 99

Multiple Choice

Which of the following is true of technology?

• A) Technological improvements are less important today than was true in the past.
• B) Lack of access to modern technology is a major barrier restraining the growth of low-income countries.
• C) Often, perverse institutions and policies in low-income countries undermine the potential gains from adoption of modern technology.
• D) Countries with high investment rates will be unable to apply modern technology effectively.

---

Definitions:

Coupon Bond

A type of bond that offers interest payments through coupons attached to the bond, redeemable by the holder at certain times.

Zero-coupon Bond

A debt security that doesn't pay interest but is traded at a deep discount, offering profits at maturity.

Bond Prices

The monetary amount at which a bond is traded, influenced by interest rates, credit ratings, and the bond's maturity.

Yield-to-maturity

The total return anticipated on a bond if the bond is held until it matures, accounting for interest payments and the difference between the purchase price and the par value.