Ask Question
16 April, 01:11

The assumption that technological progress increases the efficiency of labor is called:

a. the efficiency-wage model of economic growth.

b. labor-augmenting technological progress.

c. endogenous technological progress.

d. the Golden Rule model of economic growth. PreviousNext

+1
Answers (1)
  1. 16 April, 01:19
    0
    B - Labor-Augmenting Technological Progress

    Explanation:

    Labour-augmenting technical change process makes workers more productive and enhance efficiency.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The assumption that technological progress increases the efficiency of labor is called: a. the efficiency-wage model of economic growth. b. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers