History Has Shown That Over the Long Run, Labor-Saving Technology

question 137

True/False

History has shown that over the long run, labor-saving technology has actually not reduced employment.

---

Definitions:

Return on Equity

A measure of financial performance calculated by dividing net income by shareholder equity, indicating how efficiently a company uses its equity to generate profit.

Investment Turnover

A metric assessing how effectively a company utilizes its investments to produce sales income.

Expanded ROI Formula

An enhanced formula for calculating return on investment that incorporates additional financial metrics beyond net profit and investment cost.

Residual Income

The net income an investment generates above the minimum rate of return expected by managers or investors.