An Increase in Technology That Enhances Labor Productivity Will Likely

question 1

Multiple Choice

An increase in technology that enhances labor productivity will likely result in:

• A) a decrease in labor employment and an increase in the wage rate.
• B) an increase in labor employment and an increase in the wage rate.
• C) a decrease in labor employment and a decrease in the wage rate.
• D) an increase in labor employment and a decrease in the wage rate.
• E) employers using less labor and more capital while the wage effect is unknown.

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Definitions:

Amendment

A formal change or addition proposed or made to a document, statute, or legal contract.

Veto

The power to unilaterally stop an official action, especially the enactment of legislation.

Enact

To make into law by official decree.

Congress

A national legislative body, primarily responsible for making laws.