If New Technology Improves Worker Productivity, Then the Marginal Physical

question 75

Multiple Choice

If new technology improves worker productivity, then the marginal physical product of labor will

• A) rise, shifting demand for labor to the right.
• B) rise, reducing the wage rates firms are willing to pay for workers.
• C) fall, shifting demand for labor to the left.
• D) fall, increasing the wage rates firms are willing to pay for workers.

Understand the concept and drivers of globalization in business.

Identify different types of international business strategies and their characteristics.

Learn about Hofstede's cultural dimensions and their impact on international business practices.

Understand the importance of global organizational learning and cultural awareness in managing international businesses.

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