If the rate of technological change increases,the result will be that
A) the growth rate of productivity will decrease and firms' profits will increase
B) the growth rate of productivity will increase and firms' profits will decrease
C) most individuals will likely lose their jobs due to lack of skills
D) the growth rate of productivity will increase and living standards will increase
E) firms' profits will increase and living standards will decrease
Correct Answer:
Verified
Q87: Everything else equal,technological change will typically
A) move
Q88: If people work longer or harder,
A) they
Q89: If the government wants to encourage spending
Q90: An increase in human capital would lead
Q91: Technological change moves the economy upward along
Q93: Policies that increase research and development spending
Q94: Welfare recipients might not want the government
Q95: A decrease in income taxes can help
Q96: Which of the following would best encourage
Q97: Most nations do not push the rate
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