Author Question: Advances in computing power is an example of: A) labor-saving technological changes. B) ... (Read 96 times)

laurencescou · **on:** Jun 29, 2018

Advances in computing power is an example of:

A) labor-saving technological changes.
B) skill-biased technological changes.
C) unskilled-biased technological changes.
D) labor-complementary technological changes.

Question 2

As part of the financial crisis bailout plan in 2008, the Federal Reserve should not bail out banks that made risky loans. This is an example of

A) a positive statement.
B) the Federal Reserve taking actions that are not at the margin.
C) opportunity costs.
D) a normative statement.