If a Technological Advance Expands Output and Requires a Smaller

question 201

Multiple Choice

If a technological advance expands output and requires a smaller investment in capital goods, this technological advance

• A)is capital-using.
• B)must involve nonfinancial investment.
• C)is capital-saving.
• D)must pertain to the infrastructure.

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Definitions:

Congressional Hearing

A formal meeting held by Congress to collect information and opinions on proposed legislation, conduct an investigation, or evaluate/oversee the implementation of laws and policies.

Congressional Investigation

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