The Modern View of Technological Advance Is That It

question 224

Multiple Choice

The modern view of technological advance is that it

• A)is the result of random lucky events unrelated to the economic system.
• B)requires government R&D spending to keep it going.
• C)arises from intense rivalry among individuals and firms within the capitalist system.
• D)is a force that is external to the economy, to which the economy adjusts.

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Definitions:

Layoff

The temporary or permanent suspension or termination of employees from their job due to economic downturns, restructuring, or other organizational changes.

Negative Consequences

Outcomes that are considered undesirable or harmful, resulting from an action or decision.

Stress-Coping Skills

Stress-Coping Skills are strategies that individuals use to manage or mitigate the effects of stress in their lives.

Sick Days

Days that an employee is allowed to be absent from work due to illness without the risk of losing pay.