A Technology Shock Could Have a Different Impact Than a Natural

question 32

Multiple Choice

A technology shock could have a different impact than a natural catastrophe because ________.

• A)the former would likely lower TFP and the latter raise labor productivity
• B)the former would likely lower output and the latter raise production
• C)the former would likely raise output and the latter would raise TFP
• D)the former would likely lower labor productivity and the latter would lower TFP
• E)the former would likely raise TFP and the latter would curtail production

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Definitions:

Rural Communities

Rural communities refer to areas that are located outside cities and towns, typically characterized by smaller populations, lower density, and often a dependency on agricultural activities.

Subordinate

A person who is lower in rank or position, often subjected to the authority or control of another within an organization or hierarchy.

Massive Waves

Large and powerful ocean waves often resulting from underwater earthquakes, landslides, or other disturbances.

Immigration

The action of coming to live permanently in a foreign country from one's country of origin.