Technological Progress Generally Has the Effect of

question 6

Multiple Choice

Technological progress generally has the effect of

• A) creating permanently higher levels of unemployment.
• B) freeing resources that can now go to other uses.
• C) lowering the national standard of living.
• D) doing all of the above.

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Definitions:

Total Assets

The sum of all owned resources with economic value that a company possesses, which can contribute to its future revenue.

Operating Expenses

Costs associated with a company's main operational activities, excluding the cost of goods sold.

Profit Centers

Divisions or segments of a company that are responsible for generating their own revenue and profit, with their performance measured based on profitability.

Square Footage

The total area of a space or surface measured in square feet.