Which of the Following Is True of Technological Innovations

question 11

Multiple Choice

Which of the following is true of technological innovations?

• A) Technological innovations help increase a country's gross domestic product.
• B) Technological innovations decrease the amount of output achievable from a given quantity of labor and capital.
• C) Technological innovations slow down the product development cycles and product obsolescence.
• D) Technological innovations increase production costs and reduce product differentiation.

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Definitions:

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Obvious Error

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A methodical process that follows a fixed plan or system, often used in problem-solving and decision-making to ensure thoroughness and accuracy.

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