Suppose that an industrial accident at a factory destroys a significant number of high-speed blenders that bartenders use to mix frozen drinks. What will happen in the labor market for bartenders?

a. Both wages and employment will increase.
b. Both wages and employment will decrease.
c. Wages will increase, and employment will decrease.
d. Wages will decrease, and employment will increase.

b

Economics

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The factors of production include all goods and services produced in an economy.

Answer the following statement true (T) or false (F)

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If the APC is 1.3, the APS is

A. -0.3. B. 0. C. 0.3. D. 0.7.

Economics