Changes in Technology,especially Communications Technology,have Been the Driving Force for Growth

question 69

True/False

Changes in technology,especially communications technology,have been the driving force for growth in global markets.

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Definitions:

Trading Possibilities Curves

Graphical representations showing the different combinations of goods that two countries can trade, given their resources and technology.

Mutually Advantageous Trade

Trade that benefits all parties involved, allowing each to gain something of value by exchanging goods or services.

Production Possibilities Curves

A graphical representation that shows the maximum number of possible units a company can produce of two products within a set of inputs.