Technological Advancements That Increase Labor's Productivity Shift the Labor Supply

question 206

True/False

Technological advancements that increase labor's productivity shift the labor supply curve to the right.

---

Definitions:

Living Standards

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Birthrates

The number of live births per thousand of population per year, a primary indicator of population growth.

Energy Demand

The total amount of energy required by all users and sectors within an economy or system.

Total Fertility Rate

The estimated total of kids a woman is projected to give birth to during her lifetime, based on existing rates of childbirth.