How do labor-saving technologies differ from labor-complementary technologies? Give an example of each

What will be an ideal response?

Labor-saving technology is a type of technology that can substitute for existing labor inputs, reducing the marginal product of labor. Labor-complementary technology is a type of technology that can complement existing labor inputs, increasing the marginal product of labor. Computers that displace workers on an assembly line in a factory are examples of labor-saving technology. A word-processing program is an example of a labor-complementary technology as it improves the productivity of secretaries or administrative assistants.

Economics

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Higher employment taxes lead to lower levels of employment

Indicate whether the statement is true or false

Economics

Does it appear that currency boards make fixed exchange rates credible?

What will be an ideal response?

Economics