Proximity Switches Usually Sense the Presence or Absence of a Target

question 20

True/False

Proximity switches usually sense the presence or absence of a target by means of physical contact.

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Definitions:

Price Level

An index or measure that represents the average prices of goods and services in an economy at a given time.

Human Capital

The knowledge and skills that workers acquire through education and on-the-job training

Technology

The application of scientific knowledge for practical purposes, especially in industry and in the creation of goods and services.

Long Run

A period in which all factors of production and costs are variable, and firms can adjust all inputs and technology to reach a desired output level.