Technological advancement creates unemployment in firms that shut down or labor that is laid off.Wealth in this case is
A) Destroyed,since firms are shutting down and production of certain goods and services decreasing
B) Created,since the dislocated labor and resources are absorbed by new firms created through the technological innovation,moving them to higher value use
C) Destroyed,since technological progress is leading to higher unemployment
D) None of the above
Correct Answer:
Verified
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