Long-Term Increases in Productivity That Have Increased the Demand for Labor

question 63

Multiple Choice

Long-term increases in productivity that have increased the demand for labor, and raised real wages, have resulted primarily from ________ and ________.

• A)technological progress; a modernized capital stock
• B)technological progress; an increased labor supply
• C)a modernized capital stock; skill-biased technological change
• D)a modernized capital stock; an increased labor supply

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Definitions:

Unconscious Conflicts

Internal struggles stemming from desires, emotions, or thoughts that are not fully aware to the individual but influence behavior and mental state.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and early childhood experiences.

Repression Analysis

A psychological process analyzing how individuals unconsciously forget or block out memories, thoughts, or feelings.

Theories

Systematic sets of ideas intended to explain phenomena or provide a framework for understanding and predicting outcomes.