When New Technology Eliminates Existing Jobs but Simultaneously Creates Jobs

question 33

Multiple Choice

When new technology eliminates existing jobs but simultaneously creates jobs making new and better products elsewhere in the economy,economists refer to this situation as

• A) the classical dichotomy.
• B) technological balance.
• C) creative destruction.
• D) sectoral shifts.

---

Definitions:

Death Wish

A desire for one's own death or an attraction to behaviors significantly increasing the risk of death.

Murders Committed

The act of unlawfully killing another human being with premeditation or intent.

Common Method

A technique or procedure that is widely used or accepted in a particular field or by a specific group.

Poor Neighborhoods

Areas characterized by economic disadvantage and often associated with high rates of crime and unemployment.