In the fourteenth century the Black Death killed somewhere between 30 and 60 per cent of the European workforce. Beside the human tragedy, the effect of the outbreak on the remaining workers was to:
A) raise their marginal productivity
B) decrease their average productivity
C) decrease the value of their marginal productivity of labour
D) we cannot say without more information
Correct Answer:
Verified
Q129: The equilibrium rental income paid to landowners
Q130: Describe the difference between the purchase price
Q182: The labour supply curve is fundamentally a
Q188: What happens to the profit earned by
Q190: In the fourteenth century, the Black Death
Q192: If the wage rate is artificially set
Q199: The Luddite revolt:
A)occurred in England prior to
Q202: Describe the difference between a diminishing marginal
Q209: Explain how a firm values the contribution
Q214: The government of Fairlandia has announced a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents