Which statement is true about automation of American factories?
A) Automation has led to an increase in the number of factory jobs available.
B) Automation has allowed American industries to produce more with fewer workers.
C) The cost of using robots and automation in factories is steadily rising.
D) Automation of factories has not benefited American workers.
Correct Answer:
Verified
Q18: Which products would LEAST apply to the
Q19: Assume the cost of transporting autos from
Q20: Hong Kong is relatively abundant in labor,
Q21: Stringent governmental regulations (e.g., air quality standards)
Q22: Intra-industry trade in differentiated products can be
Q24: Should international transportation costs decrease, the effect
Q25: The theory of overlapping demands argues that
Q26: Which concept explains why countries specialize in
Q27: Dynamic comparative advantage involves
A) industrial policy to
Q28: According to the factor-endowment theory, countries with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents