1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
navik [9.2K]
4 years ago
6

A technological advance in the economy will lead to __________ price level, _____________ output and ______________ natural rate

of unemployment.
Business
2 answers:
kotykmax [81]4 years ago
8 0
<span>A technological advance will lead to a decrease in price level, while increasing output but also and overall increase in the natural rate of unemployment. It can be assumed that increases in technology will increase automation, leading to these conclusions.</span>
Rufina [12.5K]4 years ago
6 0

<em>Technological progress in the economy will lead to a decline in prices, increase industrial output, and naturally increase unemployment. </em>

<h2>Further explanation </h2>

The technological advancements that we have felt in this era have been recognized and can be felt directly that can provide a lot of convenience and comfort for humanity. One impact on the development of communication and information media can be felt in the Economic Field. Technological progress is something that can not be avoided in this life because technological progress will go according to scientific progress.

Innovations are born to have a positive impact on activities. human daily life. This provides a lot of conveniences, as well as a new way of doing human activities. Thanks to this rapidly developing technology, convenience in the economy and industry is very much felt at this time. This is due to technological developments that have a positive impact on the economy and industry, including:

1. Economic Growth Has Increased

This development is beneficial for the development of personal and state economies because the more people who are no longer constrained by the economy will further ease the burden on the state.

2. The occurrence of Industrialization

Many change jobs or switch to earning income from farmers or ranchers to industries, although this can indeed lead to positive or negative things.

3. Industrial World Productivity Increases

With the development of technology that has an impact on the economy and industry, it is certainly beneficial to productivity, both individually and in groups. Of course, this is based on the development of technology and therefore uses technology to increase personal productivity.

Learn more

The impact of technology on the economy brainly.com/question/284986, brainly.com/question/12347978

Details

Class: College

Subject: Business

Keyword: Technological impact on the economy.

You might be interested in
Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in
Taya2010 [7]

Answer:

b) $900,166

Explanation:

The computation of the market value of the firm is given below:

The Market value of building $819,000

Add: Market value of counter and fixtures $65,000

Add: Retail price of inventory ($319,000 × 1.20) $382,800

Add: Collection from accounts receivables ($21,700 × 98%) $21,266

Add: Cash available $26,800

Total value of assets $1314,866

Less: Total debt -$414,700

Market value $900,166

7 0
3 years ago
How does government pay for
Tanzania [10]

Answer:

the answer is "D" Although "A" seems to be the favored method

7 0
3 years ago
If part of an assembly for automobiles is automated, then demand for automobile workers will _______________ .
White raven [17]

Answer:

Demand for automobile workers will fall.

Explanation:

Companies are always looking for ways to reduce costs in the production profits, in order to raise revenue and profit.

Workers are form of factor of production known as labor, while machines, which make automation posssible, are another form of factor of production, known as capital.

If employing machines to automate the production process becomes cheaper than hiring workers, then, the firm will use more machines and hire less workers. This is simply because using machines is cheaper, and will likely raise profits.

5 0
3 years ago
George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the num
Kazeer [188]

Answer:

be greater than the net operating income under variable costing

Explanation:

Under absorption costing method it includes the total cost of the product that is the fixed cost and variable cost to account for the production.

Whereas in variable costing we only consider the variable cost of production and deduct the fixed costs from the contribution margin.

As George corporation has no beginning inventory and production exceeds sales therefore cost of goods sold reduces( due to closing inventory) resulting in greater net operating income than in variable costing .

7 0
3 years ago
Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?a. Hiring former em
Paha777 [63]

Answer:

a. Hiring former employees from other companies and assessing their knowledge.

Explanation:

"Benchmarking" is<em> a process conducted by a company when it wants to compare its performance with other competitors.</em> In order to do this, the company needs to look into <em>specific metrics</em> and<em> </em>approaches in order to analyze their company's operation and how well it does compared to others.

Hiring former employees from other companies and assessing their knowledge is not a typical/common strategy in order to obtain benchmarking data. Not many companies would like to rehire and if they ever do, it will be hard to use the benchmarking data since the former employee's company might be totally different from yours. Remember that competitive benchmarking is only done when you want to compare with your<u> competitors in the same field of business.</u>

6 0
3 years ago
Other questions:
  • What importance is the check printing to the bank? 2. on a check printing order? 3. of check printing for this bank? 4. for chec
    10·1 answer
  • The importance of knowing how to act or behave in a given situation is a very new concept. True or false
    15·1 answer
  • What is a credit limit? athe maximum amount you can charge each billing cycle. bthe amount of interest you are charged each mont
    11·2 answers
  • In an object-oriented development framework for a university, how would the classes Degree, Mathematics, and Physics be related?
    12·2 answers
  • A service is any intangible offering that involves a deed is called
    10·2 answers
  • Blossom Company purchased a machine with a list price of $168000. They were given a 10% discount by the manufacturer. They paid
    13·1 answer
  • One study estimates that if India used the human and physical capital that it does have as efficiently as the United States uses
    15·2 answers
  • I s lasagna just spaghetti cake?
    7·2 answers
  • Carly is watching television and notices that she has seen the same commercial four times during the same program. she wonders w
    9·1 answer
  • Plz help if u don't want to it's fine
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!