History has shown that over the long run, labor-saving technology has actually not reduced employment.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A) price-earnings ratio B) profit-earnings ratio C) perfect-earnings ratio D) price-equity ratio
Economics
Assume a perfectly competitive firm is producing a level of output at which MR? < MC. What should the firm do to maximize its? profits?
A) The firm should do nothing — it wants to maximize the difference between MR and MC in order to maximize its profits.
B) The firm should decrease output.
C) The firm should increase price.
D) The firm should increase output.
Economics