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Jorden Williams
on Dec 12, 2024

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Economic theory suggests that the standard of living of American workers would rise if

A) technological change increased output per worker.
B) the minimum wage were doubled.
C) automation were outlawed.
D) a larger proportion of the labor force was unionized.

Technological Change

Innovations in technology leading to the creation of new products, improvement in production processes, or increased efficiency in services or operations.

Standard Of Living

The degree of wealth, comfort, material goods, and necessities available to a person or community.

Output Per Worker

measures the average production or services provided by each worker, often used as a productivity indicator.

  • Comprehend the economic consequences of discriminatory employment practices.
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gracie PrewittDec 16, 2024
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