Given the Labor Force, Either More Capital or Better Technology

question 93

True/False

Given the labor force, either more capital or better technology will shift the production function downward.

---

Definitions:

José Sergio Gabrielli de Azevedo

A Brazilian economist and former CEO of Petrobras, Brazil's national petroleum company.

Multinational Corporations

Large corporations that operate and distribute products or services in multiple countries, beyond their home country's borders.

Computer Generated Teams

Teams assembled using algorithms or computer-based systems, often designed to ensure optimal performance by matching complementary skills and attributes of team members.

Telecommunications

The technology and systems used for transmitting information over distances through electronic means, such as telephone, satellite, and internet.