Question

Capeland's workers made shoes by hand. This year, Capeland Shoe Company bought 100 computerized shoe-sewing machines. At the same time, the government funded a shoe-making course at Capeland Community College. Why did it make economic sense for the government to fund the course?

Answer 1

Answer:

technology

Explanation:

The company needed trained workers. Technology can increase a country’s efficiency, but only if the workers are trained in how to put the technology to use

Answer 2

Answer:

It made economic sense to the government to fund the shoemaking course because it did not want the fraternity of shoemakers to get diverted to other professions and create an imbalance in the economy merely due to the influence of mechanization in the shoemaking industry.

Explanation:

• An imbalance created in any given economy due to the introduction of new and improved technologies can downgrade the economy drastically.
• When the employees lose their jobs, they also lose their capacity to spend on commodities along with that. When a large faction stops spending, it results in an economic slowdown.
• Hence, it is necessary for the government to take necessary measures to avoid any such happenings.