Improvements in agricultural technology will

Question

Quizplus · Accepted Answer

Improvements in agricultural technology will lead to an increase in the marginal product of labor, as workers will be able to produce more with the same amount of effort. This could potentially lead to a decrease in the price of food, as increased efficiency will lower the cost of production. Additionally, increased agricultural production could potentially reduce rates of starvation by increasing the availability of food. Thus, the correct answer is (C) which states that improvements in agricultural technology will raise the marginal product of labor.

Improvements in Agricultural Technology Will