1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lys-0071 [83]
4 years ago
9

Innovation often requires "creative destruction" in which the new products or technologies make previous products or technologie

s obsolete. For example, typewriters became useless when personal computers were invented. Hence, the personal computer "destroyed" the typewriter. This process of creative destruction often results in structural unemployment because workers who knew how to build and maintain the old products have skills that are no longer in demand. What is the government's role in limiting how often new products are created or in helping those workers who are displaced because of the new product?
a. The government can limit how often new products are introduced to help those workers who are displaced because of the new product.
b. The government shouldn't limit how often new products are introduced. Technological changes will always result in winners and losers, so helping those workers who are displaced because of the new product is a normative issue.
c. The government shouldn't limit how often new products are introduced. Technological changes will always result in winners and losers, so helping those workers who are displaced because of the new product is a positive issue.
d. The government can limit how often new products are introduced to help those workers who benefit from the new product
Business
1 answer:
zysi [14]4 years ago
4 0

Answer:

The correct answer is option b.

Explanation:

Positive economics is a branch of economics that is concerned with explanation of economic phenomena. It is based on facts and data. It answers to what is, what was.

Normative economics, on the other hand, is concerned with judgment. It answers to what should be or what ought to be.  

Structural unemployment is caused because of a mismatch between the skills that the workers possess and the skills that the employers want.  

Innovation and technological changes will always cause structural unemployment and create winners and losers. So the government should focus on helping the displaced workers in finding new jobs, instead of limiting innovation.  

As this involves what should be done, it is a normative issue.  

You might be interested in
Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information
IgorC [24]
If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
 Given
  Sales - 200,000
  Goods available for sale - 261,000 (cost) & 450,000 (retail) 

First, we need to get the cost of retail ratio. the formula is 
 Cost to Retail ratio= Cost/ Retail
           261,000
CRR= -------------   =   0.58
           450,000

Next is to get the ending inventory by following this steps
                                                              Cost             Retail
Cost of Goods Available for Sale    $261,000        $450,000
- Sales                                                                        $200,000
                                                                                  ------------------
Ending Inventory                                                        $250,000
x Cost to Retail Ratio                                                           .58
                                                                                  ------------------
Ending Inventory                                                       $145,000

So, the estimated ending inventory for the month of July is $145,000. 
4 0
4 years ago
According to the Solow growth model, high population growth rates:_________ a) are a prerequisite for technological advances and
sashaice [31]

Answer:

b) force the capital stock to be spread thinly, thereby reducing living standards.

Explanation:

Solow growth model: It is a model of economic growth, which was developed by Nobel laureate Robert Solow. It helps in analyzing the change in the output of production due to a change in population growth rate, saving rate and technological growth rate.

In the Solow growth model, an increase in population growth rates will increase the growth rate of the total output of production, however, there are no sharp changes in the growth rate of per capita output and decrease in capital intensity and saving rate, which reduce living standard.

8 0
3 years ago
"how does one define intelligence?" is a question that would be of particular interest to ____________________.
Luba_88 [7]
<span>"How does one define intelligence?" is a question that would be of particular interest to Differential psychologists.</span>
7 0
4 years ago
The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recog
just olya [345]

Answer:

Administrative.

Explanation:

The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs falls under the <u>Administrative</u> purpose of a performance management system.

Performance management system: It is a system used to evaluate the performance of the employee and rewarding them on the basis of their performance. It also helps in defining the required role of an employee in a given time, which creates transparency in the evaluation process. It serves as a basis for improving employees' knowledge and skills, which motivate employee for better performance.

There are three purposes of performance management:

  • Strategic purpose.
  • Administrative purpose.
  • Developmental purpose.

Strategic purpose: It is defined as how effective performance help the organization to grow.

Administrative purpose: It is defined as how organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs.

Developmental purpose: It is defined as how system helps organization in developing employee´s skill and knowledge.

3 0
4 years ago
If a plant has an effective capacity of 6 comma 500 and an efficiency of 80​%, then its actual​ (planned) output​ = nothing unit
grin007 [14]

Answer:

5,200 units.

Explanation:

The actual capacity is the capacity planned while planning and building the plant. However, the plant is rarely able to operate at 100% capacity (usually due to safety measures) and it operates at an effective capacity, which should be considered when determining output. Given the effective capacity and the efficiency, the output (O) is:

O=C_E*E=6,500*0.8\\O=5,200\ units

The planned output is 5,200 units.

5 0
3 years ago
Other questions:
  • How do businesses benefit from behavioral tracking? do people benefit? explain your answer?
    6·1 answer
  • Explain the advantages of a trade agreement and how it might impact a company like red fish-blue fish.
    12·1 answer
  • Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate
    7·1 answer
  • During soil testing, soil samples are obtained from
    13·1 answer
  • The exchange rate for a nation's currency will usually remain constant or increase if
    11·1 answer
  • Your company also has another 1,000 options outstanding and each can be exchanged for one share of common stock at an exercise p
    14·1 answer
  • Which of the following statements is CORRECT? a. If a company follows a policy of "matching maturities," this means that it matc
    9·1 answer
  • Can anyone help im stuck on this question
    13·2 answers
  • Ulta Inc. allows each employee to earn 15 paid vacation days each year with full pay. Unused vacation time can be carried over t
    6·1 answer
  • A consumer products company has already reviewed its objectives and capabilities, established the screening criteria for reviewi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!