Which of the Following Is True of Large-Scale Technology

question 40

Multiple Choice

Which of the following is true of large-scale technology?

• A)It is often the discovery ground for developing new alternative technologies.
• B)It is appropriate to what people can comprehend and relate to.
• C)It is less injurious and causes minimal damage to people.
• D)It does not alienate people and returns the control of technology to the hands of individuals.

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Definitions:

Substitutability

The degree to which one good or service can be replaced by another in consumption, affecting consumer choices and market competition.

Total Cost

The sum of fixed and variable costs incurred by a business in producing a certain level of output.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating sensitivity.

Marginal Product

The increase in output that results from adding one more unit of a specific input, while keeping other inputs constant.