Firms Will Only Adopt More Automated Methods of Production When

question 47

Multiple Choice

Firms will only adopt more automated methods of production when

• A) they reduce the need for workers.
• B) they lower production costs.
• C) they lengthen the production process.
• D) other firms in the industry are doing it.

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Definitions:

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term medication use.

Olanzapine

An antipsychotic medication used to treat mental disorders such as schizophrenia and bipolar disorder, affecting specific neurotransmitter pathways in the brain.

Schizophrenia

A severe mental disorder characterized by distorted thoughts, perceptions, emotions, language, sense of self, and behavior.

SSRIs

Short for Selective Serotonin Reuptake Inhibitors, a class of drugs commonly used in the treatment of depression and anxiety disorders by affecting serotonin levels in the brain.