Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 20, Problem 19RQ

What do economists mean when they refer to improvements in technology?

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Students have asked these similar questions
Does improvent in technologies cause higher real wages and lower unemployment rates?
What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets adopted because people use it and it is made for humans."
What impact does technological change have on the economy?

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Principles of Economics 2e

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