At the End of the Day, the Authors Make Which

question 23

Multiple Choice

At the end of the day, the authors make which claim about the effects of new technologies?

• A) New technologies have only rarely been beneficial and improved communication. On the balance there are more problems than benefits.
• B) The authors lament the introduction of new technologies.
• C) New technologies rarely have a learning curve for people adopting them.
• D) On the balance, while there have been problems, communication has been improved by new technologies.
• E) All of the above are true.

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Definitions:

Dollar Depreciates

A decrease in the value of the U.S. dollar relative to other currencies in the foreign exchange market, making foreign goods more expensive and U.S. exports cheaper.

Gold Standard

A monetary system in which the value of a currency is directly linked to a specified amount of gold, allowing currency to be exchanged for gold at the fixed rate.

Trade Deficit

An economic condition where a country's imports exceed its exports over a certain period, leading to negative net exports.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.