Which of the Following Is True of Modern Technology

question 106

Multiple Choice

Which of the following is true of modern technology?

• A) Improvements in technology have propelled the production possibilities and living standards of people in North America, Western Europe, and several other parts of the world.
• B) In low-income countries, proven technologies can be either emulated or imported at a low cost.
• C) Often, perverse institutions and policies in low-income countries undermine the gains from improvements in technology.
• D) All of the above.

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Definitions:

Amortization

The practice of slowly allocating the initial expense of an intangible asset across its productive lifespan.

Dividends

Payments made by a corporation to its shareholder members, typically derived from the company's earnings.

Acquisition Allocations

The process of assigning the purchase price in a business combination to the various assets acquired and liabilities assumed based on their fair values.

Book Value

The value of an asset as it appears on a balance sheet, calculated by subtracting accumulated depreciation from the original cost.