An advance in technology will
A) shift the production function downward.
B) not shift the production function but will lead to a movement up along the production function.
C) shift the production function upward.
D) not shift the production function but will lead to a movement down along the production function.
Correct Answer:
Verified
Q139: If real GDP is $800 million and
Q140: Real GDP grows when
I. the quantities of
Q141: If new capital increases labor productivity, the
Q142: If real GDP is $13,500 billion and
Q143: An advance in technology that increases productivity
Q145: When labor productivity increases, the demand for
Q146: If the demand for labor increases
I. employment
Q147: An increase in labor productivity shifts the
Q148: Which of the following statements is correct?
A)
Q149: If both the supply of labor and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents