If a New Technology Is Theoretically Possible but Has No

question 68

True/False

If a new technology is theoretically possible but has no economic practicality,the technology will probably not emerge.

---

Definitions:

Interest Rate

The interest rate is the percentage of the principal charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage.

Years From Now

A temporal reference indicating a certain amount of time in the future from the current point.

Real Wages

Nominal wages corrected for inflation.

Money Wages

The current dollar amount of a person’s wages.