A Technological Improvement Will

question 51

Multiple Choice

A technological improvement will

• A)increase the desired capital stock.
• B)decrease the desired capital stock.
• C)have no effect on the desired capital stock.
• D)have the same effect on the desired capital stock as an increase in corporate taxes.

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Definitions:

Wagering Contracts

Agreements where the parties stand to win or lose based on the outcome of an uncertain event, often considered unenforceable due to their speculative nature.

Warranty

A guarantee given to the purchaser of an item by the seller, promising repair or replacement in case of defects within a certain period of time.

Codicil

A supplement or addition made to alter, explain, or otherwise modify a will, without revoking it entirely.

Working Sprinkler System

A fully operational fire suppression system installed in buildings that activates automatically in response to detectable signs of fire, such as heat or smoke.