One Popular Measure of the Rate of Technological Change Is

question 9

Multiple Choice

One popular measure of the rate of technological change is the rate

• A) of profit from research and development.
• B) of increase in the capital-output ratio.
• C) of investment in human capital.
• D) at which the gap between actual and potential output is narrowed.
• E) of growth in output per worker.

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Definitions:

Social Standing

The position or rank of a person or group within the social hierarchy, often influenced by factors such as wealth, occupation, education, and family background.

Laboratory Experiments

Controlled experiments conducted in a lab setting where variables can be manipulated and measured to determine cause and effect.

Gender Bias

The inclination or prejudice toward one gender over another, leading to unfair treatment or assessment.

Democratic Leadership

A leadership style where decision-making is shared among members of a group, often allowing for more participation in the processes by all involved.