If Technological Change in an Industry Results, at Given Relative

question 31

Multiple Choice

If technological change in an industry results, at given relative factor prices, in a reduction in the amount of both capital and labor used to produce a given amount of output, but the reduction in labor requirements is greater than the reduction in capital requirements, this technological change would be called __________ in nature.

• A) neutral
• B) labor-saving
• C) capital-saving
• D) both labor-saving and capital-saving

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Definitions:

Form Layout View

A mode in database applications that allows for the designing or modification of the layout of forms for data entry and presentation.

Text Box

A text box is a graphical element in software interfaces that allows users to input text data into a specific area on a screen or document.

Focus Stop

A feature within user interface design that allows keyboard users to navigate and interact with visible focusable elements.

Align Right

Setting text or objects to be flush with the right margin of a page, document, or other display area, creating a tidy and organized look.