Holding Other Factors Constant, If 3D-Printing Technology Allows Factory Workers

question 56

Multiple Choice

Holding other factors constant, if 3D-printing technology allows factory workers to manufacture more products per hour, then the real wages of factory workers will ______ and employment of factory workers will _____.

• A) increase; increase
• B) increase; decrease
• C) decrease; not change
• D) decrease; increase

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Definitions:

Palladian Villas

Architectural designs inspired by the Venetian architect Andrea Palladio, characterized by classical forms and symmetry, mainly found in the Veneto region of Italy.

Neoclassical Architecture

An architectural style derived from the classical art and culture of Ancient Greece and Rome, characterized by simplicity, symmetry, and grandeur.

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence, and the third President of the United States, also known for his contributions to architecture.

Neoclassical Artworks

Refers to art inspired by the ancient Greek and Roman styles, characterized by harmony, simplicity, and proportion, popular in the late 18th and early 19th centuries.