In Many Developing Countries Around the World, Technology Is Enabling

question 124

Multiple Choice

In many developing countries around the world, technology is enabling opportunities to "leapfrog" existing technology. What does this mean?

• A)These countries are able to forgo current technological advances in order to wait for even better technology to be developed.
• B)More advanced technology is reaching these countries even though they lack technological infrastructures.
• C)Technological advances are often offered at prices considerably lower than in well-developed countries.
• D)The technology in developing countries is rapidly surpassing the technology in well-developed countries.
• E)The existing technological infrastructures in these countries are rapidly being replaced by newer, more advanced technology.

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Definitions:

Bottleneck Procedure

A method or process in manufacturing or production that significantly slows down or impedes overall workflow due to limited capacity or resources.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Decreasing Returns To Scale

See Diseconomies of scale.

Economies Of Scope

Exist when the cost of producing two products jointly is less than the cost of producing those two products separately.