Higher Levels of Technology

question 94

Multiple Choice

Higher levels of technology:

• A) help economies produce more output with the same inputs.
• B) do not support economic growth.
• C) is the main goal of industrial policy.
• D) enhance human capital without changing physical capital.

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Definitions:

Common Stock

A type of ownership in a corporation that entitles shareholders to vote on corporate matters and receive a share of the company's profits through dividends.

Fair Value

A measure of the price at which an asset would change hands between willing parties, neither being under compulsion to buy or sell.