When Labour Productivity Increases, the Demand for Labour Curve ________

question 54

Multiple Choice

When labour productivity increases, the demand for labour curve ________ and the supply of labour curve ________.

• A)shifts rightward; shifts rightward
• B)shifts rightward; does not shift
• C)shifts leftward; shifts rightward
• D)shifts leftward; does not shift
• E)shifts rightward; shifts leftward

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Definitions:

Investments Abroad

Financial allocations by individuals or companies in business interests or assets in foreign countries.

Return

The profit or loss derived from an investment.

Free Floating Exchange Rate System

A currency system where the value of a country's currency is determined by the supply and demand for the currency in the foreign exchange market, without direct government control.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in.