What Is the Term for the View That New Technology

question 6

Multiple Choice

What is the term for the view that new technology causes social change?

• A) Scientism
• B) Technological determinism
• C) Reflexive modernity
• D) Social determinism

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual higher amount they receive by selling it at the market price.

Ticket Scalping

The practice of buying tickets to an event and reselling them at a higher price, often done illegally or in a gray market.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from producing and consuming a good or service.

Cost of Production

The total expense incurred in manufacturing goods or services, including raw materials, labor, and overhead costs.