Economic theory suggests that the standard of living of American workers would fall if the
A) knowledge and skills of workers improved, reducing the need for workers.
B) United States had more natural resources.
C) United States turned to more automated methods of production.
D) productivity of American workers declined.
Correct Answer:
Verified
Q35: The real wages of workers will tend
Q36: Which of the following best explains why
Q37: The linkage between high productivity and high
Q38: In a market economy, which of the
Q39: Regarding automation, which of the following is
Q41: Suppose the mean earnings of two groups
Q42: An individual who possesses a specialized skill
Q43: Which of the following is the clearest
Q44: Which of the following is true?
A) Employers
Q45: Business owners who care only about maximizing
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