When the Quantity of Capital Increases, Then the

question 65

Multiple Choice

When the quantity of capital increases, then the

• A)SAS curve shifts rightward and the LAS curve shifts rightward.
• B)LAS curve shifts rightward and the SAS curve does not shift.
• C)SAS curve shifts rightward and the LAS curve shifts leftward.
• D)SAS curve shifts rightward and the LAS curve does not shift.

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Definitions:

Knights of Labor

An influential labor organization in the late 19th century in the United States that aimed to protect and fight for workers' rights.

Skilled Craftsmen

Workers who have specialized in a particular trade or craft through extensive training and experience.

Industrial Workers

Individuals who are employed in sectors related to manufacturing, construction, and production, often involving manual labor.

American Federation of Labor

A prominent federation of labor unions in the United States, founded in 1886, which aimed to organize workers in skilled trades.