An increase in labor productivity ________ and ________ the demand for labor.
A) leads to a movement upward along the production function; does not change
B) leads to a movement upward along the production function; decreases
C) shifts the production function upward; does not change
D) shifts the production function downward; increases
E) shifts the production function upward; increases
Correct Answer:
Verified
Q175: The new growth theory states that
A) technological
Q176: The theory that suggests that our unlimited
Q177: In the neoclassical growth theory, technological advances
Q178: If real income is above the subsistence
Q179: Which of the following theories predicts that
Q223: A key reason why some nations show
Q226: If a country lacks _,economic growth _.
A)a
Q239: The presence of an incentive system that
Q247: For economic freedom to exist,
A)copyright laws must
Q251: Economic growth is slow or absent in
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