Improvements in Information Technology Over the Past Decade Have Enhanced

question 172

Multiple Choice

Improvements in information technology over the past decade have enhanced labor productivity. What has been a likely result of this change?

• A) Capital productivity has declined.
• B) Unemployment has increased.
• C) The rate of economic growth has increased.
• D) Entrepreneurs no longer have an incentive to invest in information technology.

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Definitions:

Factory Production

The process of manufacturing goods in bulk using machinery and assembly lines, typically within an industrial setting.

Redemptioners

Indentured families or persons who received passage to the New World in exchange for a promise to work off their debt in America.

Indentured German Families

German immigrants who came to America and worked for a fixed number of years in exchange for their passage, often in the 17th and 18th centuries.

Transportation Debt

The accumulated obligations incurred from funding the development, maintenance, and expansion of transportation infrastructure.