Suppose a Labor-Augmenting Technology Were Developed for a Product That

question 181

Multiple Choice

Suppose a labor-augmenting technology were developed for a product that increased the marginal product of labor for all workers. Which of the following would happen in the labor market for this product?

• A)Demand would decrease.
• B)Demand would increase.
• C)Supply would decrease.
• D)Supply would increase.

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Definitions:

Evaluating For Tone

The process of analyzing the attitude or emotional mood of a piece of writing or speech.

Skim

Skim refers to reading or glancing through text quickly to grasp the main ideas without going into detailed comprehension.

Shorter Paragraphs

Writing structured in brief sections, making content easier to read and understand, especially in digital formats.

Strong Narrative

A compelling and engaging storyline that captures and retains the audience's interest.