Answer:
Substitutes
Explanation: A Substitute is a term used to describe a replacement for another,it is used to describe two or more items or materials or things that perform similar Activities and roles.
BOTH THE HUMAN WORKERS AND ROBOTS CAN BOTH BE ENGAGED TO ATTACH THE PARTS,WHICH MEANS IN THE ABSENCE OF ONE THE OTHER CAN CARRY OUT THE RESPONSIBILITY OF THAT ONE.
Decrease employment and boost potential gdp
Answer:
d. Create supersedes.
Explanation:
Gene Revolution have introduced bio technologies in the food production to cater low food production and avoid pest and disease in the farming.
Gene Revolution have created fear for biodiversity by cross contamination and also deforestation have occured to increase area for Genetically modifies (GM) crops. It also created health concern for people due to GM crops. Many have not found it correct to have technological solution to the food scarcity for increasing population and climatic change.
In a perfectly competitive market in long-run equilibrium, an increase in demand creates economic profit in the short run and <u>induces entry</u> in the long run.
<u>Explanation:</u>
In optimal competition, equilibrium is the position where consumer demands are equal to market supply. In the short term demand will impact equilibrium. In the long run both a product's demand and supply would affect the balance in perfect competition.
In the long run, companies participating in a perfectly competitive market gain zero income. The long-run equilibrium position for a perfectly competitive market emerges in which the demand curve (price) collides the marginal cost curve (MC) and the Average Cost (AC) curve minimum point.
The International Monetary Fund (IMF) and the World Bank (WB) offer loans (structural adjustment loans; SALs) to nations that are going through economic crises.
Option D : privatize state-owned enterprises
<h3>What is Structural adjustment?</h3>
- To qualify for a loan from the World Bank or the International Monetary Fund, a nation must implement a set of economic reforms known as a structural adjustment.
- Economic policies like lowering government spending, promoting free trade, and others are frequently included in structural adjustments.
- Structure changes are often referred to as free market reforms, and they are approved if it is believed that they will increase the competitiveness and economic growth of the target country.
- Conditions have long been attached to loans made by the World Bank and International Monetary Fund (IMF), two Bretton Woods organizations that were founded in the 1940s.
- However, there was a concerted effort in the 1980s to use lending to poor countries experiencing crises as a platform for reform.
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