Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
An increase in efficiency.
Hopefully this helps.
The correct answer is A) An increase in efficiency.
Technological progress leads to an increase in efficiency. Technological progress is gained by producing more with input. One way to measure progress through technology is considering the total growth minus the increment in labor force and capital.
Companies focused on technological progress invest in new research and equipment. This way, a line of production or any Company can produce more in less time, using fewer resources, maximizing its productivity.
The principle of progression in endurance training implies that there is an optimal level of overload that should be achieved, as well as an optimal time frame for this overload to occur. The Progression Principle instructs that the overload process should not be increased too slowly, or improvement is unlikely to occur. However, overload that is increased too rapidly can result in injury issues or muscle damage. Thus, exercising above the target zone is counterproductive and can be dangerous and potentially result in injuries.
The Progression Principle states that there is a perfect level of overload in-between a too slow increase and a too rapid increase.