In the late 1970s, people feared that the introduction of computers into the workplace would create enormous unemployment because secretaries and data entry clerks would be unemployed. This was a baseless fear, at least for the long run, because
a. computers and employment are unrelated
b. the elasticity of work with respect to technology is positive
c. technologies that enhance productivity will reduce the supply of labor
d. technologies that enhance productivity will reduce the demand for labor
e. technologies that enhance productivity will increase the demand for labor
E
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The government forcing a monopoly telecommunications company to allow other firms to use its cables is an attempt to
A) regulate prices. B) decrease the monopoly market power by eliminating a natural monopoly. C) decrease the monopoly market power by increasing competition. D) None of the above.
If the supply curve remains constant, an outward shift in the demand curve for a commodity causes the price of factors used in its production to decline
a. True b. False Indicate whether the statement is true or false