Which of the Following Is Likely to Happen If the Level

question 79

Multiple Choice

Which of the following is likely to happen if the level of technology used in an economy improves,assuming all else equal?

• A) The economy's labor demand curve will shift to the right.
• B) The economy's labor demand curve will shift to the left.
• C) There will be an upward movement along the labor demand curve.
• D) There will be a downward movement along the labor demand curve.

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Definitions:

Oedipal Conflict

A concept in psychoanalytic theory referring to a child’s unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Identification

The process through which one associates themselves with particular groups, objects, or ideas, adopting certain aspects into their own identity.

Compensation

A psychological strategy whereby an individual offsets perceived deficiencies in one area through excellence in another area, or the payment to someone for work performed.

Type A Personality

A personality type characterized by high levels of competitiveness, self-urgency, hostility, and a constant sense of time pressure.