In Economists' Models, Technological Advance Occurs in

question 9

Multiple Choice

In economists' models, technological advance occurs in

• A) the very long run.
• B) either the short run, long run, or very long run.
• C) manufacturing industries but not in service industries.
• D) pure competition but not in monopolistic competition, oligopoly, and pure monopoly.

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Definitions:

Phloem

The vascular tissue in plants that transports sugars and other metabolic products downward from the leaves.

Mycorrhizal Relationship

A symbiotic association between a fungus and the roots of a vascular plant, benefiting both organisms, often by enhancing nutrient uptake.

Fungicide

Chemical compounds or biological organisms used to kill or inhibit fungi or fungal spores.

Nitrogen Gas

An inert diatomic gas that constitutes about 78% of the Earth's atmosphere, used in a variety of industrial and scientific applications.