When Work That Was Formerly Done by People Has Been

question 55

Multiple Choice

When work that was formerly done by people has been moved to computers,it is said to be ________.

• A)documented
• B)outsourced
• C)automated
• D)systematised

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Definitions:

Negative Externalities

These are costs that are suffered by a third party as a result of an economic transaction, which are not reflected in the market price.

Positive Externalities

Benefits that are enjoyed by a third-party or the society at large as a result of an economic transaction.

Optimal Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing efficiency.

Government

The system or group of people governing an organized community, often a state, and the mechanisms and institutions through which they rule.