When a Firm Experiences a Positive Technological Change

question 255

Multiple Choice

When a firm experiences a positive technological change

• A)the price of a share of the firm's stock rises.
• B)the firm is able to produce more output using the same inputs, or the same output using fewer inputs.
• C)the value of the firm's assets rises.
• D)the firm will hire additional workers in order to increase production.

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Definitions:

Working Memories

A mental system with restricted capabilities tasked with temporarily maintaining information for processing purposes.

Prefrontal Lobes

Regions at the front of the brain associated with complex behaviors including decision making, social interactions, and personality expression.

Cerebellum

A part of the brain at the back of the skull in vertebrates, which coordinates and regulates muscular activity.

Hippocampus

A structure in the brain associated with the formation of memories and spatial navigation.