Bob has a great idea for a new device to help people find their keys when they lose them. He gets a small business loan from his bank, rents a factory, hires workers, and begins producing his product. After two years, his business is so successful he decides to "go public," selling shares of his company to
investors in order to develop different products. Which term best describes Bob?

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.