Which of the Following Statements Is False

question 167

Multiple Choice

Which of the following statements is false?

• A)Improvements in technology make most workers worse off because they lose their jobs to capital.
• B)Technological improvements affect most industries, including oil exploration, fast-food restaurants, and pet stores.
• C)When technology improves or changes, some jobs are lost.
• D)Technological improvements that make capital more productive often leads to higher wages for labor.

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Definitions:

Framing Effects

How people's decisions and perceptions can be influenced by how information is presented to them or framed.

Framing

The process of constructing the perspective or viewpoint from which a narrative, problem, or situation is perceived and interpreted.

Loss Averse

A psychological phenomenon where individuals prefer avoiding losses over acquiring equivalent gains, emphasizing the idea that losses are more impactful on an individual's emotional state than an equal amount of gain.

Making a Decision

The cognitive process of selecting a course of action from among multiple alternatives, often involving weighing the risks and benefits of different options.