If a firm introduces some technology that substitutes capital for labor, ________, assuming all else equal
A) there will be an upward movement along the labor demand curve of the firm
B) there will be a downward movement along the labor demand curve of the firm
C) there will be a rightward shift in the labor demand curve of the firm
D) there will be a leftward shift in the labor demand curve of the firm
D
You might also like to view...
All of the following are point sources, EXCEPT
a. publicly-owned treatment works (POTW) b. factory smokestack b. recreational motor boat d. urban runoff
Which of the following about economic growth is true?
a. The rich countries are consistently getting richer, while the poor countries are getting poorer. b. No LDC was able to achieve a more rapid growth rate than the United States during the 1980 through 2009 period. c. The growth picture of LDCs is clearly one of diversity; some LDCs are growing rapidly, while others continue to stagnate. d. The fastest growing countries in the world are all high-income industrial economies.
When a tax is levied on a good,
a. neither buyers nor sellers are made worse off. b. only sellers are made worse off. c. only buyers are made worse off. d. both buyers and sellers are made worse off.
Currency is by far the largest element of the M1 monetary aggregate, the narrowest definition of the money supply. The remainder is made up of coins and community currencies
Indicate whether the statement is true or false