Improvements in technology result in falling average prices and increasing unemployment.

Name: Improvements in technology result in falling average prices and increasing unemployment.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Improvements in technology can lead to falling average prices due to increased efficiency and productivity, but they do not inherently result in increasing unemployment. Over time, technology can create new industries and job opportunities, offsetting job losses in sectors that become automated.

Improvements in Technology Result in Falling Average Prices and Increasing