Essay
Read the article "Are jobs obsolete?" by Douglas Rushkoff, Special to CNN September 7, 2011 (http://goo.gl/0aUXL).
a) What are the main points of the article?
b) One of the principles of economics is that a country's standard of living depends on the country's ability to produce goods and services, while one of the main points of the article suggests that productivity is no longer a goal in the U.S. because the American economy is already able to produce enough for all its people. Does the author's opinion contradict the economic principle?
c) Economic theory suggests that technological innovation is an important factor of economic growth. The article, on the other hand, opines that new technologies destroy more jobs than they create. Is this statement true? (Look for extra information that might or might not support this statement.) Does this statement contradict economic theory?
Correct Answer:

Verified
The answers depend on students...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q12: How do inward-oriented policies affect a nation's
Q13: In 1870, what was the richest country
Q14: Economists generally believe that outward-oriented policies are
Q15: Suppose Canadian-based Bombardier decides to close a
Q16: If a country's saving rate increases, what
Q18: Suppose that over the past ten years
Q20: The following is a comment to the
Q21: Which statement best describes the relationship between
Q22: Lesley looks over reports on four of
Q176: In addition to investment in physical and