An Increase in Physical Capital or a Technological Advance

question 136

Multiple Choice

An increase in physical capital or a technological advance

• A) raises the real wage rate.
• B) decreases the quantity of labor employed.
• C) shifts the production function downward.
• D) decreases demand for labor.

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Definitions:

Conduct Disorder

A psychological condition identified during childhood or adolescence, marked by ongoing aggressive and disruptive actions.

Socioeconomic Classes

Categories of people grouped according to their economic, social, and work status, often influencing their access to resources and opportunities.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Sexism

Discrimination or bias against people on the basis of their gender.