Multiple Choice
Which of the following statements best illustrates "Luddite reasoning"?
A) Technology makes it possible to replace workers with machines, and so it will decrease the overall demand for labor.
B) New technology changes the type of labor demanded.
C) Technology increases total output, and so it will increase the demand for labor.
D) Labor is necessary for building and maintaining machines, and so increased demand for machines increases the demand for labor.
Correct Answer:
Verified
Correct Answer:
Verified
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