Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Is there a danger that we will run out of jobs as robots and other labor-saving machines replace workers? a. Yes, a society that continues
Is there a danger that we will "run out of jobs" as robots and other labor-saving machines replace workers? a. Yes, a society that continues to replace workers with machines will eventually run out of jobs. b. No, as long as our output of goods and services falls short of our consumption desires, there will be jobs. c. Yes, jobs are the key to economic prosperity and as they are eliminated, our standard of living will decline. d. No, we will not run out of jobs, but adoption of automated equipment does reduce output and our standard of living
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started