In the Long Run,a Technological Advance That Improves Communication Can

question 86

Multiple Choice

In the long run,a technological advance that improves communication can be expected to ________ labor productivity and ________ unemployment.

• A) have no effect on; have no effect on
• B) increase; decrease
• C) increase; increase
• D) increase; have no effect on
• E) decrease; increase

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Definitions:

Fastest Growing

Refers to the quick rate of expansion in sectors, companies, or economies.

Period

A length or portion of time, often defined by specific beginning and end points, in various contexts.

User Costs

The expense of using a good or service, including both the actual cost of obtaining it and the opportunity cost of forgoing the next best alternative.

Nonrenewable Resource

A natural resource that cannot be replenished at the same rate it is consumed, such as fossil fuels, minerals, and certain metals.