Between 1976 and 2010, Income Inequality in Canada Has Increased

question 124

Multiple Choice

Between 1976 and 2010, income inequality in Canada has increased in part due to rapid technological change.How does technological change contribute to income inequality?

• A)Advancements in technology displace skilled and unskilled workers in certain fields, leading to higher unemployment rates.
• B)Technology complements the skills of the well-educated while rendering redundant the labour services of unskilled and low-skilled workers. This causes a decline in the wages of low and unskilled workers relative to other workers.
• C)The opportunity cost of investing in technology is investments in human capital. The resulting decrease in labour's marginal productivity has led to lower wages.
• D)Technological change favours the owners of capital and since high income individuals tend to own capital, income inequality is further exacerbated.

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Definitions:

TB

TB commonly stands for Tuberculosis, which is a serious infectious disease that mainly affects the lungs but can also affect other parts of the body.

Wearable Computer

A small, portable device designed to be worn on the body to perform computing tasks.

Augmented Reality

Augmented reality is a technology that overlays digital information, such as images or sounds, onto the physical world, enhancing one's perception of reality.

Virtual Reality

A computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way through the use of special electronic equipment.