Better Technology Means That More Output in the U

question 50

Multiple Choice

Better technology means that more output in the U.S. economy can be produced

• A)with a greater amount of energy input.
• B)with the same amount of energy input.
• C)but it will lead to a fall in the standard of living.
• D)but it will lead to a rise in population growth.

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Definitions:

Rural India

Refers to the countryside or village areas in India, often characterized by agriculture-based economies and lower population density compared to urban regions.

Opportunity Cost

Turning down potential benefits from several alternatives by locking in on one.

College Degree

An academic degree conferred by colleges or universities upon students who have completed a course of study or major.

Lifetime Earnings

The total amount of money a person is expected to earn over the course of their career.