Suppose That New High-Technology Farming Equipment Is Developed

question 64

Multiple Choice

Suppose that new high-technology farming equipment is developed. These new machines are substitutes for low-income workers such as farm laborers, but they are complements for high- income workers such as farm technicians and farm owners. This new technology will _______ employment and _______ wages for high-income workers.

• A) increase, decrease
• B) increase, increase
• C) decrease, decrease
• D) decrease, increase

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Definitions:

Self-efficacy

An individual's confidence in their capacity to achieve success in particular scenarios or complete a task.

Physical Abilities

The bodily capacities and functions that enable an individual to perform physical tasks, including strength, flexibility, endurance, and coordination.

Retirement

The phase of life where an individual stops working on a full-time basis, typically due to age or health reasons.

Modeling

A social learning theory concept where individuals learn behaviors, attitudes, or emotions through observing others.