Which of the Following Statements About Technological Advance Is Not

question 85

Multiple Choice

Which of the following statements about technological advance is not true?

• A) It enhances both productive and allocative efficiency in the society.
• B) It can increase monopoly power through, for example, patents.
• C) It can eventually destroy old existing monopolies.
• D) It progresses automatically and inevitably.

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Definitions:

Ratio Analysis

A financial analysis technique that involves comparing different figures from the balance sheets, income statements, or other financial reports.

Dramatistic Analysis

A method developed by Kenneth Burke for analyzing human behavior and communication through the lens of drama.

Agent

In Burke’s dramatistic analysis, the individual(s) taking the action.

Fantasy Theme Analysis

The process of searching for and analyzing fantasy themes, the sagas, stories, or ideas shared by members of a group and that give members a common perspective and a shared understanding of the group’s accomplishments.