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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Definitions:

Elaborative Rehearsals

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the word to yourself.

Eyewitness Images

Visual memories or representations of events or people witnessed firsthand, often used in legal settings.

Photograph

An image created by light falling on a photosensitive surface, usually photographic film or an electronic sensor, such as a CCD or a CMOS chip.

Deceased Parent

Refers to a parent who has passed away, affecting the psychological and emotional well-being of their offspring.