Multiple Choice
Which of the following does Luddite reasoning get correct?
A) Historically, the demand for labor has actually increased as technology has advanced.
B) Labor is necessary for building and maintaining machines, and so increased demand for machines increases the demand for labor.
C) New technology tends to raise total output, leading to an increase in the demand for labor.
D) New technology frequently causes some specialized labor skills to become obsolete.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Which of the following will shift the
Q10: The demand for labor is derived from
Q11: The Chicago City Council considered a "living
Q12: The price of apples is currently $1
Q13: Supply and demand analysis can explain:<br>A) how
Q15: Suppose wages increase but employment decreases. These
Q16: Suppose the government reduces marginal income tax
Q17: In the 1700s and 1800s:<br>A) labor laws
Q18: If the marginal income tax rate falls
Q19: Entrepreneurship could best be classified as:<br>A) creative