Question 99 1 pts Al has the potential to have a detrimental effect on the labor market for various professions because of _________ ? mechanization ? computerization ? manualization
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QUESTION 21 Technological advancements have led to the automation of many manufacturing processes, resulting in job losses for factory workers. Which type of unemployment does this situation illustrate? A. Frictional unemployment B. Cyclical unemployment C. Seasonal unemployment D. Structural unemployment QUESTION 22 In a manufacturing plant, additional workers are hired to increase production output. However, as more workers are added beyond a certain point, the increase in output per additional worker declines. What economic concept does this scenario best illustrate? A. Economies of scale B. Comparative advantage C. Diminishing returns to labour D. Price elasticity of demand QUESTION 23 Which of the following is an example of a pro-growth argument? A. Implementing strict environmental regulations to protect natural resources B. Advocating for higher taxes on corporations to redistribute wealth C. Enforcing price controls to prevent inflationary pressures D. Investing in infrastructure projects to stimulate economic development
Rashmi S.
Advanced problem: Many fear that computers will do to humans what tractors and cars did to horses-the horse population declined precipitously early in this century after technological change made horses obsolete. If we treat computers as a particularly productive kind of $K,$ what would their introduction do to the capital-labor ratio in Figure $25-3 ?$ Can total output go down with a fixed labor force? Under what conditions would the real wage decline? Can you see why the horse analogy might not apply?
The short article by Richard Works refers to a study conducted by economists Daron Acemoglu and Pascual Restrepo for the NBER (National Bureau of Economic Research). The study analyzed the effect that industrial robot usage had on labor markets from 1990 to 2007. Based on the summary of the Acemoglu-Restrepo contained in this short article by Richard Works, please answer the question below this text. Historically, we have found that the addition of technology to production methods has both assisted labor by making production easier as well as displaced some labor with machines as fewer workers were now needed to get the job done. However, historically, the end result of adding technology was greater production, new demand, economic growth, and new job opportunities for the displaced workers. In recent years, the addition of robotics and artificial intelligence has added a new dimension to the relationship between technology, labor, and employment. The use of robotics, although still quite small in the U.S. workplace, is expected to increase sharply in the coming years. The analysis also considered gender, industry, occupation, education, and wage percentiles. Question: Which of the below IS NOT one of the conclusions (findings) of the Acemoglu & Restrepo study? 1. Negative effects are seen in all occupations except for managerial positions. 2. Relatively larger decreases will be found in blue-collar jobs that have routine manual operations, such as assembly workers, transportation workers, and machinists. 3. The expected negative impact of the use of robotics in production will be greater upon female workers than upon male workers. 4. The negative impacts slightly diminish as a worker’s education level increases, and no impact exists for workers with graduate degrees.
Crystal W.
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