Which of the Following Statements About Technology Is True

question 51

Multiple Choice

Which of the following statements about technology is true?

• A)Nations with more advanced technology are always superior to nations with less advanced technology.
• B)Advanced technology improves life in some ways, but it also threatens life in other ways.
• C)Access to technology is evenly distributed across any society's population.
• D)All of these are correct.

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Definitions:

Optimum Performance

The most efficient and effective level of functioning of a system or device.

Menu Costs

The costs incurred by firms in order to change their prices, including costs related to printing new menus, re-tagging items, or advertising new prices.

Inflation-induced Tax Distortions

Discrepancies in the effective tax burden caused by inflation, which can lead to distorted investment and consumption decisions.