When Workers Are in an Industry That Is Experiencing Rapid

question 132

Multiple Choice

When workers are in an industry that is experiencing rapid improvements in technology, they can expect to:

• A)see their wages decline
• B)experience wage increases, as their productivity is enhanced
• C)see a reduction in the need for physical capital
• D)see a reduction in demand for final products

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Definitions:

Correlation Coefficient

A statistical measure that describes the extent to which two variables change together and thus how well one variable predicts the other.

Risk

The potential for losing something of value or the possibility of an unwanted outcome.

Insanity Defense

A legal defense in which a person charged with a criminal offense claims to be not guilty by reason of insanity at the time of the crime.

Criminal Commitment

A legal process by which people accused of a crime are instead judged mentally unstable and sent to a mental health facility for treatment.