A Breakthrough in Technology Is Most Likely To

question 59

Multiple Choice

A breakthrough in technology is most likely to:

• A)reduce the labor needed to produce a given amount of output.
• B)decrease the demand for all goods and services in a country.
• C)increase the cost of production for a firm.
• D)reduce the availability of skilled workers.
• E)lower the standard of living in a country in the long run.

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Definitions:

Asch's Study

A social psychology experiment by Solomon Asch that demonstrated the influence of group pressure on conformity.

Minority Influence

The process by which a smaller part of a group changes the attitudes, beliefs, or behaviors of the larger group, often through consistency and the quality of arguments.

Dissenters

Individuals who express opinions that are in variance with those previously, commonly, or officially expressed.

Correct Majority

The larger part of a group that holds the accurate or right viewpoint or decision, especially in the context of consensus or voting.