Tutorial 8

When investment in machinery goes up, investment in _____ goes down.

What incentivizes mechanization?

• low fuel prices

• high labour costs

• low oil prices

• quicker production of goods

True or false. There is an economic law that states that technological progress automatically benefits all citizens of a country.

• True

• False

What term is used for measurement of the level of inequality in a country?

• Human development index

• Poverty rate

• Gini-coefficient

• GDP per capita

What is NOT one of the 3 overlapping sets of 'winners' and 'losers' that technological change creates?

• Developed countries vs developing countries

• High-skilled vs low-skilled workers

• Superstars vs Everyone else

• Capital vs Labour

Mean is sensitive to outliers, while ______ remains unaffected by them.

Where was this standard employment relationship typically found after the second World War?

• Global North

• Global South

Between precarious and standard employment, which is the oldest?

• Precarious employment

• Standard employment

True or false. Only after the introduction of digital platforms did the workers’ schedule become determined by global economic forces.

• True

• False

True or false. Gig work is a third type of work, alongside standard and precarious.

• True

• False