Changing technology usually:
A) reduces job opportunities.
B) decreases unemployment.
C) decreases productivity growth.
D) reduces the labor needed to produce a given amount of output.
E) reduces dislocations as displaced workers try to find jobs elsewhere.

Question

Quizplus · Accepted Answer

Changing technology usually leads to increased productivity, which means that fewer workers are needed to produce the same amount of output. This can lead to displacement of workers in certain sectors or industries, but can also create new job opportunities in industries that are growing as a result of technological advancements.

Changing Technology Usually