Technological Change and Skill Valuation
Before the invention of the electronic calculator, the ability to perform complex arithmetic quickly and accurately was a highly valued skill for professions like accounting. Explain the likely economic effect that the widespread adoption of affordable electronic calculators had on the value of this specific mental skill, and briefly state the reason for this change.
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Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
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