If an advance in computer technology reduces the need for businesses to hire accountants, students majoring in accounting should expect
a. a lower rate of return on their human capital investment.
b. an increase in their employment prospects.
c. a higher wage rate than they were expecting when they selected their major.
d. an increase in the demand for accountants.
A
Economics
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Refer to Table 5.1. Hector should specialize in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
Economics
Ignoring any supply-side effects, if government expenditure on goods and services decrease by $10 billion and taxes decrease by $10 billion, then real GDP ________ and the price level ________
A) increases; falls B) decreases; falls C) does not change; does not change D) increases; rises E) decreases; rises
Economics