In Situations Where New Technologies Are Considered Substitutes for Workers

question 224

Multiple Choice

In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage.

• A)increase; a decrease
• B)increase; an increase
• C)decrease; a decrease
• D)decrease; an increase

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Definitions:

Statement Of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how the company manages its liquidity.

Independent Cases

Situations or examples that do not influence each other, often used in statistical analysis and probability theory.

Patent Amortization

The process of gradually expensing the cost of a patent over its useful life to reflect its consumption, expiration, or decline in value.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life.