Other Things Remaining the Same,if an Industry Introduces Labor-Complementary Technology

question 154

Multiple Choice

Other things remaining the same,if an industry introduces labor-complementary technology in production,the demand curve for labor in that industry is likely to ________.

• A) shift to the left
• B) shift to the right
• C) become vertical
• D) become horizontal

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Definitions:

Tuition Reimbursement Programs

Employer-provided benefits that cover the cost of employees' further education as an investment in workforce development.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Knowledge

Knowledge is the understanding, awareness, or familiarity gained through education, experience, or research on a particular subject.

Pension Plans

Retirement plans that require an employer to contribute to a pool of funds set aside for a worker's future benefit, invested on the employee's behalf.