Why Is Development of the Microprocessor Considered the Single Most

question 37

Multiple Choice

Why is development of the microprocessor considered the single most important innovation in technology?

• A)It has helped to create stronger intellectual property laws.
• B)It has enabled the explosive growth of low-cost computing.
• C)It has increased the cost of telecommunication.
• D)It helped in better regulating international trade.

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Definitions:

Transnational Organizations

Entities that operate across multiple countries, transcending national boundaries to achieve their objectives.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.

Global Economy

An interdependent economy worldwide where the economies of countries are linked through global trade and financial markets.

Traditional Marxists

A segment of Marxism that focuses on the analysis of class conflicts and the role of capitalist societies per the original ideas of Karl Marx.