Asked by
Brittney Sylvia-Nicole
on Nov 11, 2024Verified
In the long run,changing technology on average has led to:
A) lower employment and lower wage rates.
B) higher employment and lower wage rates.
C) lower employment with wage rates unchanged.
D) higher employment with wage rates unchanged.
E) higher incomes and more leisure time.
Changing Technology
The ongoing evolution and innovation in technology that impacts how goods and services are produced, consumed, and delivered.
Employment
The condition of having a job or being employed in a paid position.
Wage Rates
The amount of money paid to a worker per unit of time, such as hourly, daily, or monthly, often subject to negotiations between employers and employees or unions.
- Comprehend the effects of technological evolution on job opportunities and economic landscapes.
Verified Answer
JI
Learning Objectives
- Comprehend the effects of technological evolution on job opportunities and economic landscapes.