Other things remaining the same, which of the following is likely to happen if an industry introduces a labor-complementary technology in production?
A) There will be a rise in both the wage rate and the employment levels in the industry.
B) There will be a fall in both the wage rate and the employment levels in the industry.
C) There will be a fall in the wage rate and a rise in the employment levels in the industry.
D) There will be a rise in the wage rate and a fall in the employment levels in the industry.
A
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The presence of a price control in a market for a good or service usually is an indication that
a. an insufficient quantity of the good or service was being produced in that market to meet the public's need. b. the usual forces of supply and demand were not able to establish an equilibrium price in that market. c. policymakers believed that the price that prevailed in that market in the absence of price controls was unfair to buyers or sellers. d. policymakers correctly believed that price controls would generate no inequities of their own once imposed.
Refer to the figure below. In this game, how many dominant strategies does Player B have?
A. 2 B. 0 C. 1 D. 4