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:

Selection Criterion

Criteria or standards used to make a decision or judgment, such as selecting candidates for a job based on their qualifications.

Performance Appraisal

A formal assessment process in which an employee's job performance is evaluated, typically by their manager, using established standards to guide improvements and professional development.

Rating Scales

Tools or instruments used to assign a value to a variable or to measure a subject's behavior, feelings, or perceptions along a continuum.

Structured Interviews

An interview technique where all candidates are asked the same set of predetermined questions in the same order.