More Technically Advanced Capital Makes Its Contribution to Productivity By

question 63

Multiple Choice

More technically advanced capital makes its contribution to productivity by:

• A) Replacing labor and increasing unemployment.
• B) Enhancing labor productivity.
• C) Increasing profits for producers.
• D) Increasing nominal GDP.

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Definitions:

Continental Collision

An event occurring when two continental plates converge, leading to mountain building, earthquakes, and other geologic phenomena.

Descending Plate

In plate tectonics, a slab of the Earth's lithosphere that is moving downward into the mantle at a convergent boundary.

Decreasing Pressure

A reduction in the force exerted by a fluid (gas or liquid) on a surface.

Partial Melting

the process where only a portion of a solid is melted, which often occurs in the Earth's mantle.