If Technology Advances

question 107

Multiple Choice

If technology advances:

• A) GDP per capita declines.
• B) physical capital is less productive.
• C) workers can produce more with fixed amounts of physical and human capital.
• D) human capital is less useful.

---

Definitions:

Compound Journal Entry

A journal entry that involves multiple debits, credits, or both, affecting more than two accounts.

Prompt Payment

The settlement of a bill or invoice on or before its due date.

Softball Equipment

The gear and accessories required for playing softball, such as bats, gloves, balls, and protective gear.

Net Accounts Receivable

The amount of money owed to a company by its customers for goods or services provided, after accounting for any allowances for doubtful accounts.