Multiple Choice
Labor-saving technology causes which of the following? (i)
The marginal productivity of labor increases.
(ii)
The marginal productivity of labor decreases.
(iii)
Labor demand shifts to the right.
(iv)
Labor demand shifts to the left.
A) (i) only
B) (ii) only
C) (i) and (iii) only
D) (ii) and (iv) only
Correct Answer:
Verified
Correct Answer:
Verified
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