A Country's Labor Demand Curve Shifted to the Right After

question 94

Multiple Choice

A country's labor demand curve shifted to the right after the adoption of a new technology.This implies that the use of the new technology ________,assuming all else equal.

• A) increased the marginal product of labor
• B) reduced the marginal product of labor
• C) increased the minimum wage that firms need to pay
• D) lowered the minimum wage that firms need to pay

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Definitions:

Critical Reflection

The process of critically examining and evaluating one's beliefs, decisions, and actions in order to learn from them and improve future practice.

Metacognitive Skills

The ability to understand, analyze, and regulate one's own learning and thinking processes.

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.

Fully Present

The state of being completely focused and attentive to the current moment or task.