Other Things Being Equal, an Increase in Labour Productivity Will

question 24

True/False

Other things being equal, an increase in labour productivity will shift the labour supply curve to the right.

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Definitions:

Perfect Square Trinomial

A trinomial expression that is the square of a binomial, characterized by having three terms where two are perfect squares and one is double the product of the square roots of those squares.

Zero-Factor Property

A principle stating that if the product of two quantities is zero, then at least one of the quantities must also be zero.

Equation

An assertion in mathematics that two expressions, often containing variables and constants, are equivalent.

Trinomial

A polynomial equation or expression that consists of three terms.