• Q2: Technology is one driver of increased economic productivity, explain and graph the unintended consequences of automation and increased technology. Universal Basic Income is becoming a topic of discussion, as technology replaces many traditional jobs.

Do you agree or disagree with the concept of Universal Basic Income? When a company decides to automate, should they consider only the Accounting Profit/Costs of the Business, or should the company consider total Economic Costs, such as increased unemployment? Should the government subsidize companies not to automate to keep employment?

Provide specific examples to support your answers.