Increases in Labor Productivity from Improved Technology

question 22

Multiple Choice

Increases in labor productivity from improved technology

• A) increase the long run supply of labor
• B) reduce the demand for labor
• C) reduce real wages
• D) induce firms to substitute capital for labor
• E) have no long run effect on total hours worked

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Definitions:

Admission Policies

Guidelines and criteria set by educational institutions or organizations for selecting individuals for entry or participation.

Familism

A cultural value that emphasizes the importance of family ties, loyalty, and the well-being of the family above individual needs.

Social Capital

The networks, connections, and relationships among people that can be economically valuable and foster societal cooperation and functioning.

Multicultural Education

Multicultural Education is an approach to teaching and learning that seeks to promote diversity and equity by recognizing and respecting cultural differences and incorporating this awareness into the curriculum.