A technological advance that increases labor productivity will:

a. lower wages.
b. decrease the demand for labor as fewer workers are needed.
c. decrease the supply of labor as fewer workers are needed.
d. increase the demand for labor as MP rises.
e. decrease the demand for labor as MP falls.

d

Economics

You might also like to view...

A ________ tax system is one in which tax rates increase with taxable base incomes

A) regressive B) progressive C) proportional D) supplementary

View
Economics

Coercion and force underlie government activity

a. True b. False

View
Economics