Multiple Choice
What will be the result if the nation experiences a technological breakthrough in the production process?
A) Business costs will rise, profits will fall, and production will decrease.
B) Business costs will fall, but profits also will fall and production will remain at the pre-breakthrough level.
C) Business costs will decline, improving profitability, and production will increase.
D) Firms will make higher profits but will not increase production.
Correct Answer:
Verified
Correct Answer:
Verified
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