Answer:
Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Explanation:
Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.
New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.
This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.
Answer:
Option b is correct
Explanation:
The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.
Based on Machine technology fundamentals, the programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions are "<u>Intelligent agents</u>."
This is because Intelligent Agents is designed to carry out certain functions according to its environment, user input, and experiences.
<u>Intelligent agents</u> is designed with the capability to carry out or gather information on their own.
It can also be programmed to work at a specific time or when the user asks in real-time.
There are various types of Intelligent Agents. Some of these intelligent agents include the following:
- Simple Reflex Agents;
- Model-Based Reflex Agents;
- Goal-Based Agents;
- Utility-Based Agents;
- Learning Agent;
Hence, in this case, it is concluded that the correct answer is Intelligent Agents.
Learn more here: brainly.com/question/24180103
Answer:
Price lining
Explanation:
Price lining is defines as the pricing strategy where related products are sold at different prices to customers.
Usually the price difference depends on the level of quality of the products.
For example a beverage company with different drinks having various flavours will have a different price for each one.
In the given scenario price lining is occurring at a larger scale when Marriott branded its entire family of accommodations based on different value propositions.
These include Ritz-Carlton and JW Marriott for the most discriminating patron, Marriott and Renaissance at the next level of full service, and an array of differentially positioned brands such Courtyard and Residence Inn.
