When will the scale effect of a wage increase cause a fall in the amount of labor employed?
a. Always.
b. When labor is not a regressive factor.
c. When labor and capital are substitutes in production.
d. When labor and capital are complements in production.
b. When labor is not a regressive factor.
Economics
You might also like to view...
If a firm increases its capital stock, real wages will likely ________ and the equilibrium quantity of labor will likely ________
A) decrease; decrease B) increase; increase C) decrease; increase D) increase; decrease
Economics
Checkable deposits are
A. assets of commercial banks and savings institutions. B. debts of the federal government and government agencies. C. assets of the federal government and government agencies. D. debts of commercial banks and savings institutions.
Economics