Technology and trade:

Question

Quizplus · Accepted Answer

Both technology and trade can disrupt existing jobs in the short run, but over time they tend to create new and more efficient jobs that increase productivity and raise living standards. This has been shown throughout history as new technologies and trade agreements have allowed societies to innovate and specialize, ultimately leading to greater prosperity. However, it is worth noting that in the short run, certain groups may experience negative effects from these changes, such as lower wages or unemployment.

Technology and Trade