Labor-Augmenting Technological Advances Decrease the Marginal Productivity of Labor

question 94

True/False

Labor-augmenting technological advances decrease the marginal productivity of labor.

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Definitions:

Lender

An individual, organization, or entity that provides funds to another with the expectation of repayment plus interest.

Title

Legal term referring to the formal right of ownership of property, including the evidence or documents that prove ownership.

Short Sale

The sale of a security that the seller does not own at the time of sale, typically executed in the anticipation of a decline in the security's price.

Mortgage Loan

A loan secured by the collateral of specified real estate property that the borrower is obliged to pay back with a predetermined set of payments.