A Technology Shock Could Have a Different Impact Than a Natural

question 32

Multiple Choice

A technology shock could have a different impact than a natural catastrophe because ________.

• A)the former would likely lower TFP and the latter raise labor productivity
• B)the former would likely lower output and the latter raise production
• C)the former would likely raise output and the latter would raise TFP
• D)the former would likely lower labor productivity and the latter would lower TFP
• E)the former would likely raise TFP and the latter would curtail production

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Definitions:

Assignable Causes

Factors in a production process that can be identified and eliminated, known for causing variations in statistical process control.

Mean Charts

Graphical representations used in statistical process control that plot the mean values of a series of measurements over time.

Range Charts

Tools used in statistical process control that display the range of variability in a process over time.

Process Dispersion

The variability or spread in the process output, often resulting from differences in materials, equipment, or operating conditions.