Left many highly skilled technical employees unemployed.
increased the demand for local labor.
created a whole new set of skilled jobs in industrialized nations.
allowed skilled employees to move into management positions.
Recently Asked Questions
- Technology is viewed by economists as a source of comparative advantage but technological advantage is often transitory. Use the Product Life Cycle (PLC)
- The Maclaurin series expansion for the natural log of (1 + x) up to some order n is given by ln(1 + x) = x − x2 2 + x3 3 − x4 4 + x5 5 − · · · xn n ,
- Some information about auto theft rates (number of auto thefts per 100,000 population) for a sample of 178 cities in two different years is summarized below.