When a Firm Experiences a Positive Technological Change

question 255

Multiple Choice

When a firm experiences a positive technological change

• A)the price of a share of the firm's stock rises.
• B)the firm is able to produce more output using the same inputs, or the same output using fewer inputs.
• C)the value of the firm's assets rises.
• D)the firm will hire additional workers in order to increase production.

---

Definitions:

Reliability

The consistency and stability of a test, measurement, or instrument over time or different conditions.

Multiple-choice

A type of question or assessment method that presents respondents with several answer options, allowing them to select one or more as the correct answer.

Rorschach

A projective psychological test consisting of inkblots presented to individuals, who describe what they see, used to assess their personality and emotional functioning.

Validity

The extent to which a test, tool, or research accurately measures what it is intended to measure.