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.

---

Definitions:

Conflict Theory

A sociological perspective that emphasizes the role of power struggles and inequality in shaping societal structures and relationships.

Functionalism

A sociological perspective that interprets each part of society in terms of how it contributes to the stability of the whole society.

Essentialism

The belief in and the practice of recognizing inherent and immutable traits that are believed to define particular categories of people or things.

Biological Differences

Variations in physiological, genetic, and morphological characteristics among individuals or between sexes, races, or species.