A Technological Breakthrough in Using Photons for Computers Will Increase

question 30

Multiple Choice

A technological breakthrough in using photons for computers will increase the productivity of those working with computers a hundredfold.You would expect this breakthrough to shift the

• A)marginal product of labor curve up and to the right, raising the quantity of labor demanded at any given real wage.
• B)marginal product of labor curve down and to the left, reducing the quantity of labor demanded at any given real wage.
• C)labor supply curve up, reducing the quantity of labor demanded at any given real wage.
• D)labor supply curve down, raising the quantity of labor demanded at any given real wage.

Distinguish between different systems of social stratification and their characteristics.

Analyze the causes and consequences of poverty.

Recognize the legislative initiatives aimed at addressing poverty and welfare in the U.S.

Understand the dynamics of social mobility and barriers to it.

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