An Industry Is Considered to Be High Technology,or High Tech,when

question 69

Multiple Choice

An industry is considered to be high technology,or high tech,when

• A) its products are electronic or electrical.
• B) the firms in the industry own intellectual property.
• C) its products are computers or are related to computers.
• D) the firms are innovative.
• E) the underlying scientific knowledge that companies in the industry use is advancing rapidly.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Marginal Productivity Theory

A principle in economics that suggests that the addition of a unit of labor or capital leads to a change in output, essentially quantifying the extra output produced by adding one more unit of a resource.

Equilibrium Value

The price and quantity at which the supply of an item equals the demand for that item, achieving a balance in the market.

Marginal Product

The additional output that is produced as a result of utilizing one more unit of a variable input, holding other inputs constant.

Equilibrium Quantity

The level of goods or services offered and demanded at the price of equilibrium.