Technological changes can create dislocations as displaced workers try to find jobs elsewhere and at the same time make existing products more affordable
Indicate whether the statement is true or false
true
You might also like to view...
Which of the following is LEAST likely to be a monopoly?
A) the holder of a public franchise B) a pharmaceutical company with a patent on a drug C) a store in a large shopping mall D) an artist who owns a copyright for a painting
A monopolist union that desired to maximize its total wage bill (w ? l) would offer that quantity of labor for which:
a. labor's marginal productivity is zero. b. labor's wage falls to zero. c. the quantity of labor hired is as great as possible given the firm's demand curve. d. the marginal revenue from providing one more worker to the market is zero.
Which of the following statements about the budget deficit is TRUE?
A. It is a flow variable. B. It is a stock variable. C. It is equal to the public debt. D. none of these
A tax for which the rate varies directly with the income of the person taxed is known as a(n):
a. regressive tax. b. progressive tax. c. proportional tax. d. flat tax. e. excise tax.