Which of the Following Statements Is True

question 79

Multiple Choice

Which of the following statements is true?

• A) Technological gains tend to reduce the demand for labor because producers substitute technology and capital for labor.
• B) Technological change and capital investment tend to increase real wages because labor productivity increases.
• C) Technological change and capital investment tend to reduce the quantity of labor employed, and reduce real wages.
• D) Technological change and capital investment tend to reduce the demand for labor and increase the supply of labor leading to an indeterminate effect on real wages.

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Copyrighted Work

A piece of intellectual property that has been legally registered to secure exclusive rights to its creator for reproduction and distribution.

Ten Years

A time period equal to a decade or 10 consecutive years.

Tangible Property

Physical assets that can be seen, touched, and measured, such as real estate, vehicles, machinery, and other material possessions.

Furniture

Movable items designed to support various human activities such as seating, eating, and sleeping, as well as to hold objects at a convenient height for work.