An Advance in Technology That Results in Increased Productivity Results

question 346

Multiple Choice

An advance in technology that results in increased productivity results in a

• A) rightward shift of the labor supply curve.
• B) rightward shift of the labor demand curve.
• C) rightward shift of both the labor supply and labor demand curves.
• D) no change to the production function.

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Definitions:

Desire for Independence

The intrinsic motivation or drive of individuals to control their own actions, make independent decisions, and be self-reliant.

Need For Autonomy

An individual's desire for self-direction and the freedom to make their own choices.

Herzberg's Theory

A motivation theory, also known as the Two-Factor Theory, suggesting that certain factors in the workplace lead to job satisfaction, while others lead to dissatisfaction.

Job Dissatisfaction

The feeling of unhappiness or discontent with one's job, often due to factors like poor working conditions, unsatisfactory pay, or lack of recognition.