If Adopted by a Firm,a Labor-Augmenting Piece of Technology Is

question 20

Multiple Choice

If adopted by a firm,a labor-augmenting piece of technology is one that would:

• A) increase labor demand.
• B) increase labor supply.
• C) decrease labor demand.
• D) decrease labor supply.

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Definitions:

Dividends

Shares of profit paid out by a corporation to its stockholders, generally originating from the company’s revenue.

Total Percentage

Total Percentage typically refers to a complete or whole percentage value calculated from the sum or integration of individual percentage values.

Selling Price

The amount of money for which a product or service is sold in the market.

Normally Distributed

A statistical term describing data that follows a bell curve pattern, where most occurrences take place around the mean value.