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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Can a technological advancement in sector X of the economy affect the number of people who work in sector Y of the economy? Explain your answer.

To determine

Explain how technological advancement in sector X of an economy effect sector Y of an economy.

Explanation

If the economy consists of two sectors X and Y, the introduction of technological advancement in sector X increases the total output with fewer quantity of people. This will directly affect sector Y in the economy...

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