If the Rate of Technological Change Increases,the Result Will Be

question 144

Multiple Choice

If the rate of technological change increases,the result will be that

• A) the growth rate of productivity will decrease and firms' profits will increase
• B) the growth rate of productivity will increase and firms' profits will decrease
• C) most individuals will likely lose their jobs due to lack of skills
• D) the growth rate of productivity will increase and living standards will increase
• E) firms' profits will increase and living standards will decrease

---

Definitions:

2003 War

Often refers to the Iraq War, a conflict that began in 2003 with the invasion of Iraq by a United States-led coalition.

Iraq

A country located in Western Asia, known for its rich history and as a center of civilization in ancient times.

Clinton Administration

The executive branch of the U.S. government from 1993 to 2001 under President Bill Clinton.

Social Problems

Issues within a society that are viewed as causing significant harm or discomfort to members of the community, such as poverty, violence, or pollution.