How Will an Increase in Labour Productivity Affect Equilibrium in the Labour

question 189

Multiple Choice

How will an increase in labour productivity affect equilibrium in the labour market?

• A)The supply of labour will increase and the equilibrium wage and quantity of labour will increase.
• B)The demand for jobs will increase and the equilibrium wage and quantity of labour will increase.
• C)The demand for labour will increase and the equilibrium wage and quantity of labour will increase.
• D)The demand for labour will decrease because fewer workers will be needed to produce the same output.The equilibrium wage and quantity of labour will decrease.

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Definitions:

Companionate Love

A form of love characterized by deep affection, friendship, and emotional intimacy, often found in long-term relationships where passion may have faded but a strong bond remains.

Intimate

Characterized by a close, personal, and usually affectionate or loving personal relationship.

Committed

Being dedicated or bound to a cause, activity, or person.

Empty Love

A form of love where commitment is present but intimacy and passion are lacking, part of Sternberg's Triangular Theory of Love.