Examlex
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.
Encumbrances
Legal claims or liens on property or assets that may restrict their use or transfer.
Automobile Association
An organization dedicated to serving the interests of vehicle owners and drivers by offering services like roadside assistance, travel planning, and insurance.
Guarantor
An individual or entity that promises to pay a borrower's debt in the event the borrower defaults on a loan obligation.
Indemnity
A contractual obligation of one party to compensate for the loss or damage suffered by another.
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