ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Expert-Verified Answer. From the answers which you’ve provided us with this question, the form of technological advancement which is in no way a major one would be labor unions-c. It would be dubious to say that these really provide us with increased technological advancement just through their own existance.

Detailed explanation-2: -Which is most likely to occur when technology advances? Results are improved.

Detailed explanation-3: -On December 1, 1913, Henry Ford installs the first moving assembly line for the mass production of an entire automobile. His innovation reduced the time it took to build a car from more than 12 hours to one hour and 33 minutes.

Detailed explanation-4: -The correct answer is Option C. An economy-wide increase in productivity caused by improved technology would most likely increase output, but decrease employment. It is because the improvement in technology would help the producer to produce more with the same cost. Hence, the output will also increase.

Detailed explanation-5: -What is technology? Technology is the application of scientific knowledge to the practical aims of human life or, as it is sometimes phrased, to the change and manipulation of the human environment.