Question 71 (0.8 points) The best and most important hedge against technological unemployment and wage decline is education and skills. a) True b) False Question 72 (0.8 points) Another important hedge against technological unemployment and wage decline is owning a substantial amount of these robots and Alls, and what they need to produce, which can be done by owning a tiny percentage of thousands of major corporations, as in a highly-diversified index fund. a) True b) False Question 73 (0.8 points) The economics of technological revolution are not completely clear. The "bounty", as the authors of your book "The Second Machine Age" call it, may go largely to "superstar" employees. But it is likely that a good deal of it will, nonetheless, go to stockholders. So, stock ownership is a good hedge against the career income and employment risks of technological revolution, and even more of a reason to save heavily in a well-diversified stock portfolio long term. a) True b) False Question 74 (0.8 points) If you act on the slick advertising and consolidate your student loans with a private company: a) They pay off all of your government student loans, but now you owe them the money. Now you owe the money to this private company. b) All of your government student loans now become one giant student loan to a private company. c) All of the protections that make government student loans very safe disappear; no more income based repayment that always keeps your payment reasonable; no forgiveness of any remaining debt after, at most, 20 years; no public service loan forgiveness option; and more. d) You have no more of the very generous and important protections that come with federal government student loans, but your loans to this private company will never be escapable in bankruptcy, with exceedingly rare exception, even if, with substantial size, interest, and late fees, they spiral out of control. e) You risk being their lifetime indentured servant, where they can garnish your wages and seize anything of substantial value you ever accumulate for as long as you live. f) You turn very safe government debt into some of the most dangerous debt in the history of the country, private student loans. g) All of the above