Multiple Choice
Which of the following would decrease the demand for labor? (i)
A decrease in the output price
(ii)
An increase in the output price
(iii)
A labor-saving technological advance
(iv)
A labor-augmenting technological advance
A) (i) only
B) (i) and (iii) only
C) (ii) only
D) (ii) and (iv) only
Correct Answer:
Verified
Correct Answer:
Verified
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