Which of the following statements is true?
A) Technological innovation is generally cost inefficient.
B) Technological innovation always acts as a substitute for labor.
C) Technological innovation can cause unemployment in a single industry.
D) Technological innovation can cause unemployment in a country as a whole.
Correct Answer:
Verified
Q156: If the labor market is perfectly competitive,_.
A)
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Q164: The following figure shows the labor demand
Q165: Minimum wage laws _.
A) are used to
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