The introduction of a new technology that increases the productivity of labor will:
A)increase the supply of labor.
B)decrease the supply of labor.
C)increase the demand for labor.
D)decrease the demand for labor

Question

Quizplus · Accepted Answer

Increased worker productivity means more output per worker is produced, which in turn causes firms to want to hire or demand more workers.

The Introduction of a New Technology That Increases the Productivity