Which of the following statements is false?
A) Improvements in technology make most workers worse off because they lose their jobs to capital.
B) Technological improvements affect most industries, including oil exploration, fast-food restaurants, and pet stores.
C) When technology improves or changes, some jobs are lost.
D) Technological improvements that make capital more productive often leads to higher wages for labor.
Correct Answer:
Verified
Q21: Use the following to answer question(s):
Exhibit:
Q22: In drawing a production possibilities curve, it
Q24: Use the following to answer question(s):
Exhibit:
Q31: The set of acquired skills and abilities
Q32: The difference between iron ore deposits and
Q33: Knowledge that can be applied to the
Q34: Improvements in technology provide benefits to:
A) consumers,
Q35: Two components of labor are:
A) residential location
Q38: An example of a natural resource is:
A)
Q40: Human capital is:
A) the set of acquired
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