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:

Organization Design

The arrangement of roles, responsibilities, and processes within an organization that aims to achieve its goals efficiently.

Similarities

Characteristics or aspects that are alike between two or more items, individuals, or concepts.

Objective Probability

The likelihood of an event occurring based on factual, measurable data, unaffected by personal feelings or opinions.

Hard Facts

Concrete, verified information that is undeniable and based on real, tangible evidence.