If there is a decline in the price a certain type of capital equipment used in one industry, and the result is that employment declines in that industry, we can conclude that
A) this type of capital equipment is a substitute for labor.
B) this type of capital equipment is a complement to labor.
C) the demand for labor in this industry is upward sloping.
D) the supply of labor in this industry is downward sloping.
Correct Answer:
Verified
Q34: Which one of the following is FALSE?
A)
Q35: An increase in the selling price of
Q36: If labor productivity increases,
A) the demand for
Q37: The slope of the labor supply curve
Q38: Which of the following would increase the
Q40: If there is an increase in the
Q41: If there is an increase in wages
Q42: If there is an increase in wages
Q43: The equilibrium wage rate in any one
Q44: Which one of the following would increase
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