Technological Advance Improves Allocative Efficiency by

question 167

Multiple Choice

Technological advance improves allocative efficiency by

• A) enhancing monopoly power.
• B) reducing income inequality.
• C) giving society a more-preferred mix of goods and services.
• D) encouraging saving.

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Definitions:

Leadership Qualities

Leadership qualities encompass the attributes and characteristics that make an individual effective at guiding, influencing, and managing others, including integrity, decisiveness, empathy, and resilience.

Ethical Compass

A guiding principle that helps individuals and organizations make decisions based on moral values and ethical standards.

Insurance

A contract represented by a policy in which an individual or entity receives financial protection against losses from an insurer.

Interconnectedness

The state of being connected with each other, often referring to systems, people, or things that are linked in such a way that they affect and depend on each other.