Author Question: Technological advancements cause structural unemployment. However, they help in: a. lowering the ... (Read 111 times)

K@ · **on:** Jun 30, 2018

Technological advancements cause structural unemployment. However, they help in:
a. lowering the rate of interest in the economy.
b. increasing the price level in the economy and hence make business more profitable for the firms.
c. improving living standards by giving consumers a greater variety of goods at lower costs.
d. raising government's tax revenue.
e. raising the aggregate income in the economy.

Question 2

It is possible to completely eliminate scarcity.
a. True
b. False
Indicate whether the statement is true or false