Technological Advances Can Cause the Labor Demand Curve to Shift

question 138

True/False

Technological advances can cause the labor demand curve to shift.

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Definitions:

NPV

Net Present Value; a method used to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows.

Payback Period

The length of time it takes for an investment to generate enough cash flow to recover its initial cost.

Present Values

Present Values represent the current value of a future amount of money or stream of cash flows given a specified rate of return.

Capital Projects

Long-term investment projects undertaken by a business or organization to build, add, or improve on their capital assets.