An Improvement in Technology Would Shift

question 61

Multiple Choice

An improvement in technology would shift

• A)the demand curve leftward
• B)the demand curve rightward
• C)the supply curve leftward
• D)neither the supply nor the demand curve; instead, there is movement along both of them
• E)the supply curve rightward

Understand the relationship between wage differentials and factors such as human capital, job characteristics, and labor market competitiveness.

Grasp the rationale behind and the effects of political lobbying on labor demand, particularly in specific sectors like construction.

Understand the economic rationale and criticisms of minimum wage policies and their targeted effectiveness.

Examine the concepts of compensating wage differentials and the factors contributing to wage disparities among workers.

---

Definitions:

Phenylalanine

An essential amino acid that the human body cannot synthesize and must be obtained through diet, important for the biosynthesis of other proteins.

Testosterone Replacement Therapy

A treatment for men with low testosterone levels involving the supplementation of testosterone.

XYY Male

A male individual with an extra Y chromosome, characterized by a condition known as XYY syndrome, often associated with tall stature but with few other symptoms.

Klinefelter Syndrome

A genetic condition affecting males characterized by the presence of an extra X chromosome, leading to various physical, developmental, and reproductive difficulties.