Economic theory suggests that the standard of living of American workers would rise if
A) technological change increased output per worker.
B) the minimum wage were doubled.
C) automation were outlawed.
D) a larger proportion of the labor force was unionized.
Correct Answer:
Verified
Q21: Which of the following is the primary
Q22: Automated production methods are only attractive when
Q23: New technological advancements, such as robots are
A)
Q24: Firms will only adopt more automated methods
Q25: Which of the following is most likely
Q27: Suppose that an employer hires workers with
Q28: Which of the following is true about
Q29: Technological progress generally has the effect of
A)
Q30: Suppose technological improvements reduced the cost of
Q31: The major determinant of an individual's income
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