Suppose That a New Invention Decreases the Marginal Productivity of Labor,shifting

question 409

Multiple Choice

Suppose that a new invention decreases the marginal productivity of labor,shifting labor demand to the left.Such an invention would be an example of

• A) labor-saving technology.
• B) labor-augmenting technology.
• C) Luddite technology.
• D) supply-shifting technology.

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Definitions:

Inheritance

The process by which property, titles, debts, rights, or obligations are transferred from one individual to another upon the death of the first individual.

Working Conditions

The environment and terms under which employees perform their jobs, including aspects such as hours, safety, and physical demands.

Air-conditioned Environment

An area or space where the temperature and humidity are controlled using air conditioning systems.

Productive

The ability to produce significant amounts of output, goods, or services effectively and efficiently.