Although Improved Technology Can Either Increase or Decrease the Demand

question 52

True/False

Although improved technology can either increase or decrease the demand for a factor of production,the usual effect of technological progress is to reduce demand for labor,holding everything else constant.

---

Definitions:

Biometric Authentication Device

A device that uses some unique characteristic of human biology to identify authorized users.

CAPTCHA

A system designed to distinguish human from machine input, typically as a way of thwarting spam and automated extraction of data from websites.

Firewall

A security system for networks that oversees and manages inbound and outbound traffic according to established security protocols.

IP Address

A numerical label assigned to each device connected to a computer network that uses the Internet Protocol for communication.