Which of the Following Would Decrease the Demand for Labor

question 17

Multiple Choice

Which of the following would decrease the demand for labor? (i)
A decrease in the output price
(ii)
An increase in the output price
(iii)
A labor-saving technological advance
(iv)
A labor-augmenting technological advance

• A)(i) only
• B)(i) and (iii) only
• C)(ii) only
• D)(ii) and (iv) only

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Definitions:

Values Orientation

A guiding principle that reflects the core beliefs or ideals that an individual or organization adheres to.

Principles Orientation

A focus on guiding beliefs or fundamental truths that inform behavior and decision-making within an organizational or personal context.

Paleozoic

An era in the geological timescale, occurring between 541 and 252 million years ago, known for significant developments in life, including the Cambrian explosion.

Geologic Timescale

A chronologic subdivision of geologic time depicting the sequence of geologic events, including those represented by fossils; ages of boundaries are assigned through numeric dating of key rock units.