Technological Innovations and the Increasing Mechanization of Industry

question 45

Multiple Choice

Technological innovations and the increasing mechanization of industry

• A) have led to long-run aggregate unemployment that is difficult to eradicate.
• B) have led to lower wages for skilled workers.
• C) mean higher prices for consumers.
• D) ultimately create new jobs that replace old jobs.

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Definitions:

Ice Caps

Large areas of ice that cover less than 50,000 square kilometers, generally found at high latitudes or elevations and differing from ice sheets.

Impact Craters

Depressions on the surface of a planet or moon created by the collision with another celestial body.

Tectonic Activity

The movement and interaction of Earth's lithospheric plates, which can cause earthquakes, volcanic eruptions, and the formation of mountains.

Volcanic Activity

The process of magma rising to the Earth's surface, which can lead to eruptions, forming volcanoes and lava flows.