Robotic Technology Is a Substitute for Labour in Many Manufacturing

question 40

Multiple Choice

Robotic technology is a substitute for labour in many manufacturing processes. If the price of robotic technology decreases and the scale of the firm's production does not change, there is

• A) a decrease in the demand for labour.
• B) an increase in the demand for labour.
• C) a decrease in the supply of labour.
• D) an increase in the supply of labour.
• E) no change in the demand for labour.

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Definitions:

Echoing

The repetition or imitation of sounds, words, or phrases, often used as a communication technique or learning method.

Clarifying

The process of making a statement or situation less confused and more comprehensible.

Genuineness

The quality of being authentic, sincere, and honest in one's feelings and actions.

Modeling

The process of learning behaviors by observing and imitating others.