A Nation That Protects Its Workers from Unemployment by Limiting

question 210

Multiple Choice

A nation that protects its workers from unemployment by limiting the use (by employers) of technological improvements will

• A) grow more rapidly because the rate of unemployment will be lower.
• B) grow more rapidly because investors prefer a stable business environment rather than the uncertainties that accompany technological change.
• C) grow less rapidly because technological change is an important factor contributing to the growth of output.
• D) grow just as much as nations that adopt more rapidly technological improvements.

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Definitions:

Alcoholic Fermentation

A biochemical process by which sugars are converted into ethanol and carbon dioxide by the action of yeast or bacteria.

Lactate Fermentation

An anaerobic metabolic process by which glucose or other six-carbon sugars are converted into cellular energy and the metabolite lactate.

Aerobic Respiration

A biochemical reaction where cells transform glucose and oxygen into energy, alongside producing carbon dioxide and water.

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells, essential for metabolic processes.