Which of the Following Would Increase the Demand for Labor

question 16

Multiple Choice

Which of the following would increase the demand for labor?

• A) a decrease in the product price
• B) a decrease in the product price and a labor-saving machine acquisition
• C) an increase in the product price
• D) an increase in the product price and a labor-enhancing machine acquisition
• E) a decrease in the product price,an increase in the product price,and a labor-saving machine acquisition

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Definitions:

Agricultural Revolution

A period of significant technological, social, and economic changes in agriculture, leading to increased production and efficiency.

Desert

A barren area of landscape where little precipitation occurs, thus supporting only sparse vegetation and a limited range of animals due to harsh living conditions.

Information-Globalization Revolution

A period marked by the rapid spread of information technologies and the global integration of economies, cultures, and politics.

Homogenizing

The process of making something uniform or similar by blending disparate elements.