Technological Innovations and the Increasing Mechanization of Industry

question 45

Multiple Choice

Technological innovations and the increasing mechanization of industry

• A) have led to long-run aggregate unemployment that is difficult to eradicate.
• B) have led to lower wages for skilled workers.
• C) mean higher prices for consumers.
• D) ultimately create new jobs that replace old jobs.

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Definitions:

Adaptive

Having the ability to adjust effectively to new conditions or to changes in the environment.

Technical Challenge

A problem or obstacle that requires specific technical knowledge or expertise to solve.

Adaptive Leadership

A leadership approach that emphasizes the ability of leaders to adapt to changing circumstances and to lead their teams through complex, changing environments.

Adaptive Leader Behavior

A leadership approach that involves changing leadership style and strategies based on the situation, challenges, and needs of the team or organization.