Which of the Following Best Describes the Impact of Technological

question 55

Multiple Choice

Which of the following best describes the impact of technological change on labor?

• A)It causes unemployment in the short run and lower incomes in the long run.
• B)It causes unemployment in the short run and higher incomes in the long run.
• C)It causes unemployment in the long run and higher incomes in the short run.
• D)It causes unemployment in the long run and lower incomes in the short run.
• E)It causes unemployment and lower incomes in both the long run and the short run.

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Definitions:

Undue Burden

A legal standard used to determine whether a law or its enforcement is excessively burdensome or restrictive on an individual or group.

Parent Corporation

A corporation that owns a controlling interest of another corporation, called a subsidiary corporation.

Subsidiary

A subsidiary is a company that is completely or partially owned and wholly controlled by another company, known as the parent company.

Commingled Assets

The mixing of assets or funds belonging to different owners, making it difficult to distinguish one's property from another's.