Which of the Following Is an Example of Positive Technological

question 26

Multiple Choice

Which of the following is an example of positive technological change?

• A)A firm offers workers a higher wage to work on weekends and at night. As a result, the firm is able to increase its weekly production of surf boards.
• B)A firm buys an additional machine that it uses to make surf boards. As a result, the firm is able to increase its weekly production of surf boards.
• C)A firm conducts a new advertising campaign. As a result, the demand for the firm's surf boards increases.
• D)A firm's workers participate in a training program designed to increase the number of surf boards they can produce per day.

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Definitions:

Qualitative Variable

A variable that expresses descriptive attributes and can be categorized based on traits and characteristics rather than numerical values.

Regression Model

A mathematical representation used to understand the relationship between independent predictor variables and a dependent outcome variable.

Adjusted Coefficient

A modified version of a coefficient in statistical models, adjusted for the influence of other variables.

Statistical Packages

Software programs specifically designed for performing statistical analysis, manipulating, and visualizing data.