Which of the following statement is false? Technological innovation in the manufacturing sector will not reduce the number of manufacturing jobs because innovation always creates new jobs. Automation could lead to some workers being permanently unemployed despite the fact that innovation S creates new jobs. Automation of some jobs may lead to the creation of new jobs. Technological innovation in one sector (e.g. car manufacturing) could lead to new jobs in that sector or in other sectors. Automation could lead to some workers being permanently unemployed if their current skills become obsolete and they fail to upskill themselves.

Which of the following statement is false? Technological innovation in the manufacturing sector will not reduce the number of manufacturing jobs because innovation always creates new jobs. Automation could lead to some workers being permanently unemployed despite the fact that innovation S creates new jobs. Automation of some jobs may lead to the creation of new jobs. Technological innovation in one sector (e.g. car manufacturing) could lead to new jobs in that sector or in other sectors. Automation could lead to some workers being permanently unemployed if their current skills become obsolete and they fail to upskill themselves.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Consider how an appreciation of the concept of opportunity cost may be of use in explaining why it might be worthwhile for a company to outsourcing work even though outsourcing may involve a higher monetary cost
Entrepreneurship is unique among factors of production because it
What is an example of a fixed cost? Group of answer choices Expenditures for raw materials. Wages for unskilled labor. Shipping charges. Property insurance premiums.
Why would labor be treated as a variable cost? Question 24 options: they are costs incurred in the act of producing that will decrease with quantity produced they are made before production starts and vary according to the specific line of business labor costs are an input cost that firms are unable to change in the short run producing larger quantities of a good or service generally requires more worker
If Jasmine had not taken a job at a restaurant, she would have taken a job at a department store. The opportunity cost of her taking the restaurant job is the difference in future earnings because of not pursuing an advanced degree. the difference in present expenses due to not moving back to her home state to live with her grandparents. the total value of the job at the department store, including wages, work experience, and so on. the total expenses associated with interviewing for the restaurant job, including transportation, time, and anxiety. the total expenses associated with the restaurant job, including clothing, transportation, and so forth.
Peter is conducting the risk analysis of a call center of a wireless company. To assess the cost of downtime due to a failure in the telephone line, Peter should consider the as well as the due to the customers' reaction related to lost of sale opportunities.
Boeing created, and recently expanded, an airplane manufacturing center in Charleston, South Carolina. One of the factors that likely influenced this location decision is that South Carolina is a "right to work" state. This represents a) a place factor related to labor. b) a transportation factor related to the market. c) higher wages for Boeing workers in South Carolina relative to Washington. d) a place factor related to the political environment.