In the long run, on average, what has changing technology led to?
A) lower employment and lower wage rates
B) higher employment and lower wage rates
C) higher incomes and more leisure time
D) higher employment but no change in wage rates

Question

In the long run, on average, what has changing technology led to?  
A) lower employment and lower wage rates 
B) higher employment and lower wage rates 
C) higher incomes and more leisure time 
D) higher employment but no change in wage rates

Quizplus · Accepted Answer

Changing technology has led to increased productivity and efficiency, which has ultimately led to higher incomes and more leisure time for individuals. It has also created new jobs and industries, leading to higher employment overall. Lower employment and wage rates may occur in the short run during times of adjustment, but in the long run, technology has had a positive impact on the economy and society.

In the Long Run, on Average, What Has Changing Technology