It Is Sometimes Hard to Separate the Impact of Technology

question 44

Multiple Choice

It is sometimes hard to separate the impact of technology from that of investment because

• A) you can directly measure investment, but there is no way to quantify new technology.
• B) neither has been a major factor in economic growth for about 10 years now.
• C) technology has grown at a such a variable rate that its impact cannot be effectively measured.
• D) new technology is useful only when it is embodied in the physical capital financed through investment.
• E) neither activity is reflected in the prices we pay for goods and services.

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Definitions:

Intergroup Conflicts

Conflicts that arise between different groups, often due to competition for resources, differing values, or power imbalances.

Social Categorization

The cognitive process by which people classify themselves and others into various social groups or categories, based on characteristics like race, gender, and social roles, to simplify social interactions.

Competition

A situation in which two or more parties strive for a goal that cannot be shared, often resulting in a win-lose scenario.

Conflict

A situation or process characterized by disagreement or disputes between individuals or groups, often stemming from opposing interests or opinions.