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Labor-saving technology causes which of the following? (i)
The marginal productivity of labor increases.
(ii)
The marginal productivity of labor decreases.
(iii)
Labor demand shifts to the right.
(iv)
Labor demand shifts to the left.
Complexity
The state or quality of being intricate or complicated, often referring to systems, processes, or structures with multiple interacting components.
Risk
The potential for loss or an unfavorable outcome associated with an action or decision.
Financial
Related to finances or financial systems, involving money management, investment, and economic activities.
Social
Relating to society or its organization; involving the gathering of people or entities for mutual benefit.
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