Postmodernists Argue That We Have Reached the End of History

question 40

Multiple Choice

Postmodernists argue that we have reached the end of history because:

• A) human consumption will outstrip the world's resources within the next generation
• B) technology will make recording history more difficult
• C) progress is no longer unified and linear
• D) we have entered a new era
• E) the end of the Cold War has stalled progress and development

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Definitions:

Price L

A specific notation used to denote a certain price level in economic models or discussions.

Factor Prices

The costs associated with the inputs used in production, such as labor wages and capital rental rates.

Production Function

An economic model that describes how inputs are transformed into outputs by a firm.

Units Of Output

A measurement of productivity that represents the total quantity of goods or services produced by a firm or economy.