When Economists View Technological Change as Internal to the Economy

question 223

Multiple Choice

When economists view technological change as internal to the economy, they mean that it

• A)occurs randomly.
• B)occurs accidentally.
• C)arises deliberately from the profit motive and competition.
• D)arises mainly from government subsidies.

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Definitions:

Nausea

An inclination to vomit.

Intradermal Injection

A method of administering medication by injection just below the skin, typically used for allergy testing and vaccinations.

Needle

A slender, pointed instrument typically made of metal, used for sewing, puncturing, or injecting.

Incubation Period

The interval between exposure to infection and the appearance of the first symptom.