(Last Word) the Case of ATMs and Bank Tellers Illustrates

question 117

Multiple Choice

(Last Word) The case of ATMs and bank tellers illustrates that

• A) capital is primarily a substitute for labor.
• B) capital is, overall, a complement for labor, not a substitute.
• C) capital and labor are almost always used in fixed proportions.
• D) technological innovation is generally detrimental to employment.

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Definitions:

Distance Runner

An athlete who specializes in long-distance races, typically anything from 3,000 meters to marathons.

Waist

The part of the human body below the ribs and above the hips, often measured to assess obesity or body fat distribution.

Hips

The region on each side of the pelvis, where the thigh bone (femur) joins the pelvis.

Muscle Dysmorphia

A psychological disorder characterized by a distorted body image and an obsessive belief that one's body is too small or inadequately muscular.