Technical Progress That Increases the Productivity of L Proportionately More

question 7

Multiple Choice

Technical progress that increases the productivity of L proportionately more than the productivity of K is called:

• A)capital saving
• B)labor saving
• C)neutral
• D)any of the above

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Definitions:

Categorical Variable

A variable that can take on a limited, and usually fixed, number of possible values, grouping individuals into categories.

Random Group Assignment

A method in experimental design to ensure every participant has an equal chance of being assigned to any group, thus minimizing preexisting differences between those assigned to different groups.

Construct

An abstract concept that is specifically chosen or created to explain a given phenomenon.

True-Experimental Design

True-experimental design is a type of experimental research methodology that involves the manipulation of variables, control of extraneous variables through random assignment, and the comparison between a control group and one or more experimental groups to determine causal relationships.