Robotic Technology Is a Substitute for Labor in Many Manufacturing

question 37

Multiple Choice

Robotic technology is a substitute for labor in many manufacturing processes.If the price of robotic technology decreases and the scale of the firm's production does not change,there is

• A) a decrease in the demand for labor.
• B) an increase in the demand for labor.
• C) no change in the demand for labor.
• D) an increase in the supply of labor.
• E) a decrease in the supply of labor.

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Definitions:

Work Processes

A set of activities and steps performed in a sequence to achieve a business goal or to create value.

Community Outreach Workers

Individuals who act as a bridge between community services and residents, often focusing on health education, social services, and community development.

Globalization

The process of increasing interconnection and interdependence among countries, primarily in terms of trade, investment, and technology.

Technical Skills Training

Specific training focused on teaching the technical competencies needed for a particular job or task.