Assume the demand for high tech good is perfectly inelastic. If workers producing high tech goods become more productive, then these workers employment will ________ and their wages will ________.
A) fall, rise
B) fall, fall
C) rise, rise
D) rise, fall
Correct Answer:
Verified
Q1: If all incomes were to double (due
Q5: The coefficient of variation of incomes of
Q15: Table 14.1 Incomes in Pololand
Q19: The earnings and employment of those with
Q21: If the fraction of the people in
Q22: In nation X,inequality is measured with reported
Q25: Jeb and his brother John are in
Q26: Table 14.1 Incomes in Pololand
Q27: An economist in a foreign land observes
Q34: Which of these decades had the greatest
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