Suppose That a New Invention Increases the Marginal Productivity of Labor,shifting

question 425

Multiple Choice

Suppose that a new invention increases the marginal productivity of labor,shifting labor demand to the right.Such an invention would be an example of

• A) labor-saving technology.
• B) labor-augmenting technology.
• C) Luddite technology.
• D) supply-shifting technology.

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Definitions:

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor, which influences individuals' behavior and perceptions.

Cognition

The mental processes that are involved in acquiring, storing, retrieving, and using information and that include sensation, perception, imagery, concept formation, reasoning, decision making, problem solving, and language.

Foot-In-The-Door Technique

A persuasive strategy where a smaller request is made first to increase the likelihood of agreement to a larger request later.

Attitude

A predisposition in one's mindset to appraise an entity positively or negatively, indicating favoritism or antipathy.