What Was One of the Major Technology Issues in the Late

question 46

Multiple Choice

What was one of the major technology issues in the late 1980s and early 1990s?

• A)The loss of productivity due to the implementation of computer systems
• B)The features provided by computer system vendors
• C)The downtime of computer systems and peripherals
• D)The lack of processing capabilities of computer systems

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Definitions:

Import Tariffs

Taxes imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition or to generate revenue.

Comparative Advantage

The capacity of a person, business, or nation to manufacture a product or deliver a service with a smaller opportunity cost than that of their rivals.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, technology).

Trade Protection

Measures implemented by governments to regulate international trade and protect domestic industries from foreign competition.