Other things remaining the same, which of the following is likely to increase both the wage rate and the number of workers hired in a steel-producing factory?
A) An increase in the opportunity cost of leisure
B) A decrease in the opportunity cost of leisure
C) The introduction of labor-saving technology in the factory
D) The introduction of labor-complementary technology in the factory
D
Economics
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Immiserizing growth is most likely to occur when
A. the increase in population equals the increase in national income of a country. B. economic growth leads to a deterioration of a country's terms of trade. C. the import payments of a country decline relative to its export earnings D. the benefits of economic growth are not shared equally by all residents of the country.
Economics
Contraction of the money supply can aggravate a recession.
Answer the following statement true (T) or false (F)
Economics