With all other economic forces held constant. an increase in labor productivity throughout the country implies . (I point) O a decrease in GDP due to an increase in labor hours 0 an increase in GDP with labor hours held constant 0 an increase in GDP due to an increase in labor hours 0 a decrease in GDP with labor hours held constant Which of the following illustrates an increase in human capital? (1 point) A factory manager purchases additional machinery to automate many of the tasks her employees are Currently performing. A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work. An applied mathematician develops an algorithm that makes supply chains more efficient. An engineer designs a new tool that cuts production costs in half across several industries. Which of the following would constitute a technological improvement? (1 point) 0 the purchase of additional capital that increases the total possible output of a firm 0 a firm reducing its prices to make itself more competitive in the market. the discovery of a way to improve software speed that increases employee productivity 0 an employee learning new job skills to increase her work performance Which of the following will likely lead to an increase in the standard of living for American consumers? (1 point) 0 increasing consumption of goods and services 0 pursuing more difficult jobs than residents of other countries 0 discovering an inexpensive way to make steel 0 working longer hours than the rest of the world You Overhear a classmate making the claim that productivity-enhancing technological improvements will immediately benefit everyone in the economy. This statement is . (1 point) 0 true since human capital will be improved as well false since technological improvements can lead to certain jobs becoming obsolete 0 false since technological improvements do not affect standards of living 0 true since no costs are associated with improvements in technology