If a Technological Advancement Increases Productivity, the Neoclassical Theory of Distribution

question 39

Multiple Choice

If a technological advancement increases productivity, the neoclassical theory of distribution predicts that:

• A)the real wage will rise, and the real rental price of capital will fall.
• B)both the real wage and the real rental price of capital will fall.
• C)both the real wage and the real rental price of capital will rise.
• D)the real wage will fall, and the real rental price of capital will rise.

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Definitions:

Cause-Related Marketing

A marketing strategy where a company and a non-profit organization cooperate to promote a social or environmental cause.

Consumer Trust

The confidence consumers have in a brand or company's ability to deliver on its promises, reflecting its integrity, reliability, and fairness.

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The shared values, behaviors, and practices that characterize the members of an organization and define its identity and working environment.

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Plans designed to achieve marketing goals, such as increasing brand awareness, market penetration, or sales, through various tactics and initiatives.