Which of the Following Is Not True About the Service

question 46

Multiple Choice

Which of the following is not true about the service phase of technology?

• A) It was the fourth phase in the development of technology.
• B) It emphasized providing services.
• C) It required manual and intellectual skills.
• D) It dominated from 1900 to 1960.

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Definitions:

Keynesian View

An economic theory asserting that government intervention can stabilize the economy through monetary and fiscal policies.

Private Investment

Private Investment encompasses the expenditures on capital assets by private businesses or individuals, excluding government spending.

Business Optimism

A positive outlook or sentiment held by businesses about the future economic conditions, often leading to increased investment and growth plans.

Price Floor

A minimum price set by regulation or agreement, preventing prices of goods or services from dropping below this threshold, aimed at supporting producers.