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Author Question: Technological advancements cause structural unemployment. However, they help in: a. lowering the ... (Read 98 times)

K@

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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


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bblaney

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


K@

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  • Posts: 608
Reply 2 on: Jun 30, 2018
Wow, this really help

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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