The Rate of Technological Diffusion Is Increasing

question 13

Multiple Choice

The rate of technological diffusion is increasing. Which of the following was fastest in penetrating 25 percent of homes in the U.S. market?

• A)telephone
• B)television
• C)personal computer
• D)Internet

---

Definitions:

Discrimination Coefficient

A measure of the cost or disutility of prejudice; the monetary amount an employer is willing to pay to hire a preferred worker rather than a nonpreferred worker of the same ability.

African Americans

A term referring to citizens or residents of the United States who have ancestry from native populations of Africa.

Crowding Model

An economic theory that describes how public sector employment can impact wages and employment levels in the private sector.