Which of the Following Statements Is True

question 79

Multiple Choice

Which of the following statements is true?

• A) Technological gains tend to reduce the demand for labor because producers substitute technology and capital for labor.
• B) Technological change and capital investment tend to increase real wages because labor productivity increases.
• C) Technological change and capital investment tend to reduce the quantity of labor employed, and reduce real wages.
• D) Technological change and capital investment tend to reduce the demand for labor and increase the supply of labor leading to an indeterminate effect on real wages.

Understand the key principles and theorists of ethical theories such as utilitarianism, Kantian ethics, and Rawls's ethics.

Identify the intrinsic values proposed by different ethical theories.

Recognize ethical viewpoints on personhood and its implications for medical ethics.

Analyze the ethical considerations regarding the allocation of medical resources.

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Definitions:

Addictive

Having qualities that lead to an increased compulsion to use or engage with a substance, activity, or behavior despite potential harm.

Price-Inelastic

Describes a situation where the demand for a good or service does not significantly change with a change in its price.

Dollar Expenditures

The amount of money spent on purchasing goods and services, often measured in U.S. dollars for international comparisons or analyses.

Illegal Drugs

Substances whose manufacture, possession, or use is prohibited by law due to their potential for abuse or harm.