Which of the following best describes the impact of technological change on output? a) It creates...
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Which of the following best describes the impact of technological change on output? a) It creates a limited amount of output. b) It reduces the labor needed to produce a given amount of output. c) It increases the labor needed to produce a given amount of output. d) It creates an unlimited amount of output. e) Technology does not cause an impact on output. Which of the following best describes the impact of technological change on output? a) It creates a limited amount of output. b) It reduces the labor needed to produce a given amount of output. c) It increases the labor needed to produce a given amount of output. d) It creates an unlimited amount of output. e) Technology does not cause an impact on output.
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Technological change results in an increase in productivity When produc... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
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