If a Firm Experiences Positive Technological Change, It Is Able

question 130

True/False

If a firm experiences positive technological change, it is able to produce more output using the same inputs.

---

Definitions:

Strike Replacements

Workers hired by an employer to perform the duties of striking employees during a labor dispute, often to maintain operations.

Secondary Boycott

A form of protest where individuals or entities refuse to do business with or purchase products from a company that does business with a targeted entity, usually to exert pressure.

Railway Labor Act

A US federal law passed in 1926 that governs labor relations in the rail and airline industries, aiming to prevent strikes and disruptions by facilitating bargaining and mediation.

Mediation

A form of dispute resolution where a neutral third party assists the conflicting parties to reach a mutually acceptable agreement.