Because of Moore's Law,any Routine Skill Can and Will Be

question 22

True/False

Because of Moore's Law,any routine skill can and will be outsourced to the lowest bidder.

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Definitions:

Wage Rate

The fixed amount of compensation or payment received by an employee from an employer in exchange for work or services performed.

Labor

Refers to human effort, whether physical or mental, used in the production of goods and services.

Derived Demand

The demand for a good or service that results from the demand for a different, or intermediate, good or service.

Resources

Assets, materials, and human capabilities used to produce goods and services in an economy.