Modern technology can be a cause of extensive
Blank
______.

Question

Modern technology can be a cause of extensive 
Blank
______.

BlackTom AI · Accepted Answer

The question presents a fill-in-the-blank about how modern technology can be a cause of extensive _____.
Option 1: capital depreciation. This choice suggests that modern technology can lead to faster wearing out or obsolescence of existing capital goods, making depreciation a widespread effect. In some contexts, rapid tech advancement can indeed shorten the useful life of older capital, increasing depreciation expenses as firms rotate to newer equipment. This aligns with the idea that technology can accelerate obsolescence, which is a facet of depreciation in accounting and economics.
Option 2: economies of scale. While technology can contribute to economies of scale by enabling mass production and efficiency gains, the prompt asks for a cause of extensive blank, and the relationship is more about expanding output efficiently rather than a direct, pervasive depreciation effect. This option describes a constructive growth phenomenon rather than a depreciation or obsolescence effect.
Option 3: constant returns to scale. This concept means that doubling inputs doubles outputs, with no change in efficiency. Modern technology can disrupt or reinforce various production conditions, but stating that it causes constant returns to scale is a broad generalization that overlooks how technology often alters marginal productivity and scale behavior. Therefore, this option does not directly capture a pervasive depreciation or obsolescence mechanism.
Option 4: returns to scale. In economics, returns to scale cover increasing, constant, or decreasing returns as inputs grow. Technology can influence these, but the phrase 'a cause of extensive returns to scale' is vague and not specifically tied to the depreciation or obsolescence narrative implied by the context. It lacks the targeted explanation that depreciation or obsolescence would provide.
In summary, option 1 directly ties modern technology to a broad, pervasive consequence affecting capital goods over time—depreciation or obsolescence—whereas the other options describe separate production or efficiency concepts that do not align as cleanly with the notion of technology driving extensive depreciation throughout the capital stock.

Modern technology can be a cause of extensive Blank ______.

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