A Technological Advance That Increases Labor Productivity Will

question 9

Multiple Choice

A technological advance that increases labor productivity will

• A) lower wages.
• B) decrease the demand for labor as fewer workers are needed.
• C) decrease the supply of labor as fewer workers are needed.
• D) increase the demand for labor as MP rises.
• E) decrease the demand for labor as MP falls.

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Definitions:

Essential Elements

Fundamental or core components that are necessary for a certain process, concept, or system to function effectively.

Establishing Alliance

The process of building a collaborative and trusting relationship, particularly in therapeutic or professional contexts.

Locked

A state in which a digital object or file is protected from being edited or deleted.

Form View

A manner of displaying or editing data where the information is presented in fields within a form, commonly used in databases.