Which of the Following Is an Example of Positive Technological

question 26

Multiple Choice

Which of the following is an example of positive technological change?

• A)A firm offers workers a higher wage to work on weekends and at night. As a result, the firm is able to increase its weekly production of surf boards.
• B)A firm buys an additional machine that it uses to make surf boards. As a result, the firm is able to increase its weekly production of surf boards.
• C)A firm conducts a new advertising campaign. As a result, the demand for the firm's surf boards increases.
• D)A firm's workers participate in a training program designed to increase the number of surf boards they can produce per day.

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Definitions:

Gini Ratio

A measure of the income distribution within a population, indicating inequality where 0 represents perfect equality and 1 represents perfect inequality.

Income Inequality

The uneven distribution of income within a population, leading to disparities in wealth and living standards.

Taxes And Transfers

Taxes and transfers involve government activities related to collecting revenues through various forms of taxation and redistributing income through welfare programs and other transfers to support social objectives.