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:

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The recognition and understanding of objects as distinct entities with specific characteristics and meanings.

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Acting with a clear intention or aim; deliberately.

Trial-and-Error Experiments

A problem-solving technique that involves testing multiple methods and learning from the mistakes until an effective solution is found.