The Application of New Technologies to the Production Process Will

question 78

Multiple Choice

The application of new technologies to the production process will increase:

• A)average labor productivity.
• B)the share of the population employed.
• C)the unemployment rate.
• D)the quantity of human capital.

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Definitions:

Sample Space

The set of all possible outcomes of a probabilistic experiment.

Probabilities

Measures of the likelihood that an event will occur, expressed as numbers between 0 and 1, where 1 denotes certainty.

Outcome

A possible result or effect of an action, situation, or experiment, which can be measured, observed, or evaluated.

Federal Holidays

Days recognized by the federal government of a country as non-working days in commemoration of specified events or celebrations.