The Introduction of New Forms of Capital Generally

question 23

Multiple Choice

The introduction of new forms of capital generally

• A) decreases the own-wage elasticity of labor demand.
• B) increases the bargaining power of unions.
• C) increases the own-wage elasticity of labor demand.
• D) shifts the labor demand curve to the right.

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Definitions:

Top-Down Processing

An approach to perception that involves higher-level cognitive processes, such as expectations and previous knowledge, to interpret sensory information.

Müller-Lyer Illusion

A visual illusion in which two lines of the same length appear to be of different lengths because of the addition of inward or outward facing wings at the ends of the lines.

Poggendorf Illusion

A visual illusion that involves the misperception of the position of one part of a transversal line that has been interrupted by the contour of an intervening structure.

Ponzo Illusion

A visual illusion where the context causes an object to appear larger or smaller than it actually is.