Which Term Refers to the Situation in Which It Is

question 40

Multiple Choice

Which term refers to the situation in which it is easier to use machines and technology than to use labour?

• A) product market
• B) substitution effect
• C) electronic commerce
• D) labour intensity

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Definitions:

False Information

The act of providing incorrect, untrue, or misleading details about something or someone, often with the intent to deceive.

Implied Ratification

The acceptance and endorsement of a previously unauthorized act by acting in a manner that recognizes it as valid or by failing to repudiate it.

Express Ratification

The explicit approval or confirmation of an act or contract that was initially unauthorized or in need of validation.

Adjudicated Insane

Adjudicated Insane is a legal determination that an individual is not mentally competent to manage their affairs due to mental illness.