Which of the following statements is true?
A) Technological innovation can cause wages to fall for some workers.
B) Technological innovation increases wages for all workers in an economy.
C) Technological innovation always leads to unemployment in the economy as a whole.
D) Technological innovation reduces the demand for goods and services in an economy.
A
Economics
You might also like to view...
The demand for silver decreases, other things equal, when
A) the gold market is expected to boom. B) the market for silver becomes more liquid. C) wealth grows rapidly. D) interest rates are expected to rise.
Economics
In a certain economy, when income is $100, consumer spending is $60 . The value of the multiplier for this economy is 4 . It follows that, when income is $101, consumer spending is
a. $60.25. b. $60.75. c. $61.33. d. $64.00.
Economics