If Robots Are Developed That Can Cheaply Reproduce Themselves, Then

question 17

Multiple Choice

If robots are developed that can cheaply reproduce themselves, then the demand for human labor will become

• A) more elastic.
• B) more inelastic.
• C) vertical.
• D) unitary.

---

Definitions:

Planning Budget

An initial budget created using the assumptions of a particular level of activity to guide a company's financial decisions.

Net Operating Income

A financial metric that measures a company's profitability from its core business operations, excluding the effects of financing and taxes.

Selling

The process of promoting and transferring goods or services to customers in exchange for money.

Administrative Expense

Costs related to the general operation of a company, such as salaries of executive officers, legal and corporate office expenses.