At a fixed level of worker productivity, ________
A) lower wages reduce quantity of labor demanded
B) higher wages reduce cost of production
C) higher wages reduce profits
D) lower wages increase quantity of labor supplied
C
Economics
You might also like to view...
An example of a negative externality created in the market system would be
A) poverty. B) unemployment. C) an increased number of bird flu patients. D) water pollution.
Economics
In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
A. demand-pull inflation. B. cost-push inflation. C. a disinflationary recession. D. stagflation.
Economics