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:

Sense Of Self

The sense of self refers to the way a person thinks about and views their own personality, beliefs, and abilities.

Japanese

Pertaining to Japan, its people, culture, or language.

Americans

Citizens or residents of the United States of America.

Collectivist Cultures

Cultures in which the self is regarded as embedded in relationships, and harmony with one’s group is prized above individual goals and wishes.