An Increase in Physical Capital or a Technological Advance

question 136

Multiple Choice

An increase in physical capital or a technological advance

• A) raises the real wage rate.
• B) decreases the quantity of labor employed.
• C) shifts the production function downward.
• D) decreases demand for labor.

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Definitions:

Assessment Centre

A process by which individuals are evaluated as they participate in a series of situations that resemble what they might need to handle the job.

Recruitment Method

Strategies or processes used by organizations to attract and select candidates for employment.

Skills Inventory

A comprehensive list or database of an individual's or organization's abilities, competencies, and qualifications.

Dual Career Tracking

A human resources strategy that facilitates the progression of employees' careers in ways that accommodate both individuals in dual-career partnerships, such as spouses or partners.