(Last Word) the Rapid Spread of ATMs

question 143

Multiple Choice

(Last Word) The rapid spread of ATMs

• A) dramatically reduced employment of bank tellers, and demand remains low because ATMs serve the same functions as bank tellers.
• B) has resulted in the closure of many bank branches and led to a long-term decline in employment of bank tellers.
• C) reduced the demand for bank tellers initially, but eventually tellers took on tasks that ATMs are not suited to handle.
• D) has had no discernible impact on the demand for bank tellers.

Understand the significance of random assignment and random sampling in experimental research.

Recognize the roles of experimental and control groups in determining the effects of variables.

Distinguish between independent, dependent, and confounding variables.

Comprehend the double-blind procedure and its relevance in minimizing bias.

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Definitions:

Constant Prices

Prices that have been adjusted for inflation, allowing for the comparison of economic data over time without the effects of price level changes.

Durable Goods

Durable goods are items with a long useful life, typically three years or more, such as appliances and vehicles, which consumers purchase with the expectation that they will not need to be replaced frequently.

Capital Equipment

Long-term assets such as machinery, vehicles, or infrastructure that a business uses in its operations to produce goods or services.

Depreciation

Depreciation is the process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value over time.