Which of the Following Is True of Technology

question 99

Multiple Choice

Which of the following is true of technology?

• A) Technological improvements are less important today than was true in the past.
• B) Lack of access to modern technology is a major barrier restraining the growth of low-income countries.
• C) Often, perverse institutions and policies in low-income countries undermine the potential gains from adoption of modern technology.
• D) Countries with high investment rates will be unable to apply modern technology effectively.

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Definitions:

Normal Balance

The side (debit or credit) of an account on which increases to the account are recorded, determined by the type of account.

Asset

Any resource owned or controlled by a business or an individual that is expected to produce value or benefit in the future.

Unearned Fees

Income received by a business for goods or services yet to be delivered or performed, considered a liability until the service or product is delivered.

Liability

A financial obligation or debt owed by a company or individual to another entity, payable in money, goods, or services.