If a Technological Advance Expands Output and Requires a Smaller

question 104

Multiple Choice

If a technological advance expands output and requires a smaller investment in capital goods, this technological advance

• A) is capital-using.
• B) must involve nonfinancial investment.
• C) is capital-saving.
• D) must pertain to the infrastructure.

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Definitions:

Mentoring

A relationship where a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.

Informal Training

A learning process that occurs in a less structured context, without formal curriculum, often as part of daily activities.

Experienced Employee

An individual who has gained a significant amount of knowledge, skill, and expertise in their profession over time.

Hawthorne Effect

A phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.