The Invention of New Technology That Can Double the Amount

question 286

Multiple Choice

The invention of new technology that can double the amount of gold extracted from raw ore will lead to a

• A)higher world price of gold, since mining companies must pay for the new machinery.
• B)lower world price of gold, since any amount of gold output is now cheaper to produce.
• C)higher world price of gold, because miners' wages must double as their productivity doubles.
• D)lower world price of gold, but only if new mining companies are not allowed to enter the industry.

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Definitions:

Spiral Organ

A sensory structure within the cochlea of the inner ear responsible for converting sound vibrations into neural signals.

Oval Window

A membrane-covered opening that leads from the middle ear to the vestibule of the inner ear and transmits sound vibrations.

Vestibule

An entryway or antechamber leading to the main part of a building, or the central cavity of the labyrinth of the inner ear.

Auditory Ossicles

The three small bones in the middle ear that transmit sound vibrations from the eardrum to the inner ear.