Which of the Following Are Examples of a Firm Experiencing

question 307

Essay

Which of the following are examples of a firm experiencing a positive technological change?
a.A firm is able to reduce its inputs by 15 percent and still produce the same level of output.
b.A seminar attended by the firm's workers makes them more productive.
c.A firm adds 5 percent to its workforce and is able to maintain its initial level of output.
d.A firm restructures its distribution system and is able to save on its shipping times.
e.A firm rearranges its warehouse and finds that it can use fewer workers to maintain its productivity level.

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Definitions:

Rich Countries

Nations characterized by a high level of income per capita, robust economies, and advanced technological infrastructure.

Prosperous

Characterized by success, wealth, or good fortune, often related to economic growth and stability.

Japan Colonies

Territories outside of Japan that were under Japanese imperial control, particularly during the late 19th and early 20th centuries.

History of Globalization

The historical process of increasing global interconnectivity and interdependence, marked by the exchange of goods, ideas, cultures, and people across continents.