Question

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

Answer 1

B - Labor-Augmenting Technological Progress

Step-by-step explanation:

Labour-augmenting technical change process makes workers more productive and enhance efficiency.