When New Technologies Are Applied to the Production and Distribution

question 56

Multiple Choice

When new technologies are applied to the production and distribution of goods and services:

• A)scarcity is eliminated.
• B)diminishing returns to capital no longer hold.
• C)diminishing returns to capital still hold.
• D)average labor productivity decreases.

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Definitions:

Prejudice

A preconceived opinion or judgment about an individual or group without sufficient knowledge, often based on stereotypes or biases.

Evaluative Beliefs

The judgments or assessments people make about objects, events, or ideas, reflecting their values and perceptions.

Behavioral Expectancies

The anticipations individuals have about the outcomes or consequences of their behaviors in specific situations.

Goals

Objectives or desired outcomes that individuals or groups aim to achieve through their actions or efforts.