Suppose Advances in Computer Technology Lead to a Surge in Worker

question 138

Multiple Choice

Suppose advances in computer technology lead to a surge in worker productivity. In the long run,output will ________ and the price level will ________.

• A) increase; increase
• B) increase; decrease
• C) increase; remain unchanged
• D) decrease; decrease
• E) remain unchanged; remain unchanged

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Definitions:

Multidomestic Marketing Strategy

A strategy used by multinational firms that have as many different product variations, brand names, and advertising programs as countries in which they do business.

Alcoholic Beverages

Drinks containing ethanol, produced by fermentation of sugars by yeasts, categorized into beer, wine, and spirits.

Outdoor Seating

An arrangement of seating outside of a building, usually in a patio, garden, or street setting, often used by restaurants and cafes.

Adaptive Marketing

A marketing strategy that involves continuously modifying marketing campaigns and approaches based on customer feedback and market demand.