When the Typewriter and Telephone Were First Used in Business

question 75

Multiple Choice

When the typewriter and telephone were first used in business in the 1880s,

• A) businessmen found that they were ideal tools for women workers.
• B) only men could use them.
• C) they created new jobs for immigrant workers.
• D) widespread job losses resulted.
• E) they were a failure because people feared new inventions.

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Definitions:

Tight Supply Conditions

A market situation where the supply of a good is limited, often leading to higher prices.

Nonrivalrous Consumption

A consumption characteristic where one individual's use of a good does not reduce availability to others.

Marginal Cost

The cost incurred by producing one additional unit of a good or service.

Simultaneous Consumption

A characteristic of services that indicates they are consumed at the same time as they are produced.