A welder loses his job because he has been replaced by a robot. He is only able to find another job at a lower skill level. The unemployment described here will most likely result in a _____ for the welder
a. loss of lifetime earnings
b. loss of human capital
c. deteriorating health condition
d. loss of social cohesion
a
Economics
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Shortly after the American Revolution, governmental involvement in market affairs was largely abandoned in the Confederate States and economic growth resulted
Indicate whether the statement is true or false
Economics
Which of the following is not a lesson that history has taught about the development of physical and electronic currencies:
a. The private sector usually finds a way to circumvent these taxes and restrictions. b. Commerce usually follows community. c. To gain widespread trust and usage, currencies do not have to be backed by precious metals. d. All of the statements are positive lessons. None is false.
Economics