What has been the impact of the widespread adoption of automated teller machines (ATMs) on the demand for bank tellers?
A) The demand for tellers has increased.
B) The demand for bank tellers has become more inelastic.
C) The demand for bank tellers has become more elastic.
D) There has been no change because the ATMs and the employees provide completely different services.
C
You might also like to view...
Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E. Base-year prices are $1 for each good. Real GDP in the current year equals _________ and GDP equals _________
A) $550; $150 B) $130; $530 C) $150; $550 D) $530; $130 E) none of the above
Globalization
A) is the growing integration of the national economies of the world to such an extent that a single worldwide economy may be emerging. B) is any type of foreign trade. C) is specifically foreign trade between countries that have entered into a formal free trade agreement. D) will necessarily lead to higher unemployment rates in the United States.