Which of the following is true?
A) Automated production processes are generally adopted regardless of whether they reduce costs.
B) Automated production processes eliminate jobs and, thereby, endanger our future living standards.
C) Cost-reducing automated production techniques will expand output directly and/or release scarce resources for the expansion of output in other areas.
D) Use of the most advanced technology will always minimize the cost of a productive activity.
Correct Answer:
Verified
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