Which of the Following Statements About Technological Advance Is Not

question 85

Multiple Choice

Which of the following statements about technological advance is not true?

• A) It enhances both productive and allocative efficiency in the society.
• B) It can increase monopoly power through, for example, patents.
• C) It can eventually destroy old existing monopolies.
• D) It progresses automatically and inevitably.

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Definitions:

Annual Dividend

The total amount of dividend payments a company distributes to its shareholders in a year.

Rate of Return

The built-up gain or incurred loss on an investment over a determined timeframe, expressed as a fraction of the cost of investment.

Share

A unit of ownership in a corporation or financial asset, giving holders a proportion of the company's profits and voting rights.

Bank Account

A financial account maintained by a bank for a customer, allowing for the deposit and withdrawal of funds and earning of interest.