Advancement in technology that improves labor productivity will result in the firm's ________________ for labor to ________________ Group of answer choices demand; increase supply; decrease supply; increase demand; remain constant demand; decrease
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- The primary determinant of labor productivity is: a) the rate of capital investment b) the set of skills possessed by the workforce c) the rate of immigration d) a higer ratio of labor to capital investmentIf there is an increase in worker productivity, then the demand for labor will a) increase b) decrease c) remain the same d) unkown, not enough information to specify among these options.How each of the following situations will affect labour demand, i.e. if it will cause amovement along the labour demand curve or a shift (state left or right) in the labour demandcurve. i) A decrease in the price of capital where labour and capital are substitutes. ii)
- At which worker is the marginal product of labor maximized? a) at the 7th worker b) at the 4th worker c) at the 5th worker d) at the 4th and 5th worker Idk if the answer is either a or b?In the context of a perfectly competitive model of the labour market, an increase in technologythat raises the marginal product of labour at any given level of employment would be expected, inequilibrium, toa) reduce the amount of labour required to produce a given amount of output and hence increaseunemployment.b) shift the labour demand curve outwards and lead to an increase in employment and wages.c) have no effect upon labour supply or labour demand curves and hence have no impact onemployment or wages.d) reduce the supply of labour to the market and result in an increase in wages but a fall inemployment Why the correct answer is B?Which has held a larger impact in the united states within this past century, added worker or discourage worker effect?
- Various factors contribute to the negativity in the labour relationship. Briefly discuss these factors.f a country's working-age population declines and its wealth increases, then the labor supply curve shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. shifts to the left. shifts to the right.Assume that supply curve is vertical and labour demand curve shifts to the left.This would lead to a _______ real wage and _______ in unemployment. A) higher/increase B) lower/ decline C) no change / no change D) lower / no change E) lower / increase
- Assume that supply curve is vertical and labour demand curve shifts to the left. This would lead to a ..... real wage and ..... in unemployment. a) higher/increase b)lower/decline c) no change/no change d)lower/no change e)lower/increaseThe work force of a certain factory is growing at rate of 2 per month while the average productivity of a worker is growing at a rate of 4 units per month. If the work force is currently 100 and the average productivity per month is 200 units, at what rate is the total productivity per month of the factory increasing? (a) What happens if the work force is declining by 2 per month? (b) What happens if the average productivity is decreasing by 5 per month?Which of the is NOT likely to increase the supply of labor? A. A big increase in the school leaving age B. An exponential increase in retirement age C. An increase in the number of migration D. None of the above