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Suppose a huge scientific breakthrough doubles the output that an additional houra huge scientific breakthrough doubles the output that an additional hour of U.S. labor can produceof U.S. labor can produce.   As a​ result, there is​ ______ in the U.S. production function.   A. an upward shiftan upward shift   B. no shiftno shift   C. a downward shifta downward shift There is​ ______ in the U.S. demand for labor and​ ______ in the U.S. supply of labor.     A. a decreasea decrease​; a decreasea decrease   B. an increasean increase​; a decreasea decrease   C. no changeno change​; an increasean increase   D. an increasean increase​; no changeno change

Suppose a huge scientific breakthrough doubles the output that an additional houra huge scientific breakthrough doubles the output that an additional hour of U.S. labor can produceof U.S. labor can produce.   As a​ result, there is​ ______ in the U.S. production function.   A. an upward shiftan upward shift   B. no shiftno shift   C. a downward shifta downward shift There is​ ______ in the U.S. demand for labor and​ ______ in the U.S. supply of labor.     A. a decreasea decrease​; a decreasea decrease   B. an increasean increase​; a decreasea decrease   C. no changeno change​; an increasean increase   D. an increasean increase​; no changeno change

Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: The Markets For The Factor Of Production
Section: Chapter Questions
Problem 9PA
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Suppose
a huge scientific breakthrough doubles the output that an additional houra huge scientific breakthrough doubles the output that an additional hour
of U.S. labor can produceof U.S. labor can produce.
 
As a​ result, there is​ ______ in the U.S. production function.
 
A.
an upward shiftan upward shift
 
B.
no shiftno shift
 
C.
a downward shifta downward shift
There is​ ______ in the U.S. demand for labor and​ ______ in the U.S. supply of labor.
 
 
A.
a decreasea decrease​;
a decreasea decrease
 
B.
an increasean increase​;
a decreasea decrease
 
C.
no changeno change​;
an increasean increase
 
D.
an increasean increase​;
no changeno change
 
 
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