Technological Change

question 146

Multiple Choice

Technological change

• A) lowers the real wage rate.
• B) decreases labor productivity.
• C) has no effect on employment.
• D) increases potential GDP.

Analyze the factors that lead to different learning rates among organizations.

Identify limitations and applicability of learning curves in both manufacturing and service industries.

Calculate learning rates and predict future productivity or labor requirements based on learning curves.

Assess the strategic importance of learning curves in operational and scheduling decisions.

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Definitions:

Environmental Circumstances

The external conditions, including both natural and man-made factors, that influence the development or behavior of individuals or societies.

Infant-Directed Speech

A speaking manner used by adults with higher pitch, slower tempo, and exaggerated intonation when talking to infants, believed to aid language acquisition.

Simple Sentences

Sentences that contain only one independent clause and express a complete thought.

Language-Acquisition Device

The language-acquisition device is a hypothetical mechanism proposed by Noam Chomsky that the human brain is equipped with, facilitating the learning of language.