In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment
A) raises; increases
B) raises; decreases
C) lowers; increases
D) lowers; decreases
A
Economics
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for women's clothing. Which panel best describes what happens in this market when the wages of seamstresses rise?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics
Prohibiting the use of "dirty" fuels by industry is an example of
a. voluntarism. b. direct controls. c. taxes on emissions. d. none of the above.
Economics