Other Things the Same, If Technology Increases, Then in the Long

question 97

Multiple Choice

Other things the same, if technology increases, then in the long run

• A)both output and prices are higher.
• B)output is higher and prices are lower.
• C)output is lower and prices are higher.
• D)both output and prices are lower.

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Definitions:

Bandura

A psychologist known for his work on social learning theory and the concept of self-efficacy.

Preach Virtues

The act of promoting or advocating for moral and ethical principles and behaviors in others.

Hand Washing

The act of cleaning the hands with soap and water or sanitizer to remove dirt, germs, and bacteria.

Permanent Change

A modification or alteration that is long-lasting and not intended or expected to revert to its original state.