Economists Use the Term Shocks to Mean

question 17

Multiple Choice

Economists use the term shocks to mean

• A)unexpected government actions that affect the economy.
• B)typically unpredictable forces that have major impacts on the economy.
• C)sudden rises in oil prices.
• D)the business cycle.

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Definitions:

Robot

Reprogrammable machine capable of performing numerous tasks that require manipulation of materials and tools.

Computer-Aided Manufacturing

Computer-Aided Manufacturing (CAM) involves using software and technology to automate manufacturing processes, improving efficiency and accuracy.

Environmental Impact

The effect of human activities on the natural environment, including pollution, habitat destruction, and climate change.

Robot Technology

The use of machines programmed to perform tasks autonomously in various applications, including manufacturing, healthcare, and services.