Disembodied Technical Change Is One Reason Why

question 25

Multiple Choice

Disembodied technical change is one reason why

• A) human capital is more valued in an economy than physical capital.
• B) the quality of capital had decreased.
• C) labor productivity has increased over time.
• D) increases in population decrease labor productivity.

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Definitions:

Valet Parking

A service where an attendant parks and retrieves vehicles for guests at a venue or establishment.

Gross Negligence

An extreme lack of care or failure to act that demonstrates a disregard for the safety or rights of others, potentially leading to legal liability.

Bailment

The transfer of a chattel by the owner to another for some purpose, with the chattel to be later returned or dealt with in accordance with the owner’s instructions.

Reasonable Care

The standard of care that a reasonably prudent person would observe under a given set of circumstances.