Holding Other Factors Constant, Technological Progress ________ the Real Wage

question 42

Multiple Choice

Holding other factors constant, technological progress ________ the real wage and ________ employment.

• A)increases; increases
• B)increases; decreases
• C)increases; does not change
• D)decreases; increases

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Definitions:

Ethical Leadership

The practice of leading by demonstrating ethical behavior, serving as a model for integrity and fairness.

Business Ethics

The principles and standards that guide behavior in the world of business, ensuring trust, fairness, and integrity in transactions.

Moral Intelligence

The capacity to understand right from wrong and to behave based on ethical principles and virtues.

Moral Principles

Fundamental beliefs about what is right and wrong, which guide individuals’ behavior and decision-making processes.