A Breakthrough in Technology Is Most Likely To

question 59

Multiple Choice

A breakthrough in technology is most likely to:

• A)reduce the labor needed to produce a given amount of output.
• B)decrease the demand for all goods and services in a country.
• C)increase the cost of production for a firm.
• D)reduce the availability of skilled workers.
• E)lower the standard of living in a country in the long run.

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Definitions:

Shares Outstanding

The total number of a company's shares that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation.

Paid-In Capital

Paid-In Capital is the amount of money investors have paid to a company in exchange for shares of its stock, reflecting the additional capital contributed by shareholders over the par value of the shares.

Par Value

The face value of a stock or bond as stated by the issuing company, which does not necessarily match the market value.