Process Innovation Leads to Technological Advance Because It

question 224

Multiple Choice

Process innovation leads to technological advance because it

• A) decreases total product.
• B) increases average total costs.
• C) decreases productive efficiency.
• D) increases productive efficiency.

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Definitions:

Family and Medical Leave Act

U.S. federal law that provides employees with unpaid, job-protected leave for specified family and medical reasons.

Industrialized Nations

Countries that have undergone significant industrialization and now have a predominantly tertiary (service) and quaternary (knowledge-based) economy.

Tuition Reimbursement Program

An employer-provided benefit that pays for or reimburses employees for tuition expenses related to furthering their education.

Knowledge

Facts, information, and skills acquired through experience or education.