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Chocolate_Pie Chocolate_Pie
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2 months ago

Which scenario below most accurately describes the process by which a technological change can affect employment patterns across industries?



▸

A technological advance makes it possible to produce more of good X with less labor. As a result, labor is released from producing good X. Some of this labor ends up producing goods Y and Z.



▸

A technological advance makes it possible to produce less of good X with less labor. As a result, labor is released from producing good X. Some of this labor ends up producing good Y.



▸

A technological advance makes it possible to produce more of good X with more labor. As a result, more labor is needed to produce good X. There is less labor available to produce goods Y and Z.



▸

A technological advance makes it possible to produce more of good X with less labor. As a result, labor becomes more important to the production of good X. More labor ends up producing good X.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
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miil41miil41
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2 months ago
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A technological advance makes it possible to produce more of good X with less labor. As a result, labor is released from producing good X. Some of this labor ends up producing goods Y and Z.
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Chocolate_Pie Author
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2 months ago
This helped my grade so much Perfect
loki1345
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Yesterday
Thanks
lubennick
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2 hours ago
Correct Slight Smile TY
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