3. Technological progress means that we can produce the sameamount of goods and services using fewer

3. Technological progress means that we can produce the sameamount of goods and services using fewer resources. Some people areworried that technological progress will destroy jobs making itincreasingly difficult for people to make a living. a. Use an isoquant graph to illustrate the point of howtechnological progress might destroy jobs. b. Use the same graph to show why technological progress willnot necessarily destroy jobs. (drawn separately from part b.) c. Discuss conditions under which technological progress willnot necessarily destroy jobs. d.Discuss two real-world examples of parts a and b. . . .

 
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