When a New Technology Is First Introduced in the Classroom

question 4

Multiple Choice

When a new technology is first introduced in the classroom, it is often proclaimed that

• A) the materials will be too expensive.
• B) students won't have to work in order to learn.
• C) it will be the end of instruction as we now know it.
• D) teachers will automatically know how to use it.

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Definitions:

Employment

The condition of having paid work or owning a business that generates regular income.

Winner-Take-All Markets

Economic markets in which a small number of participants receive a large majority of gains, while the rest receive little or nothing.

Nominal Wages

See Money Wages.

Economic Rent

The surplus income received by a factor of production (land, labor, or capital) due to its limited supply, over and above its opportunity cost.