In order for economic growth from an investment or innovation to lead to increases in the standards of living for _______,it should cause the _______schedule to rise,causing a ________for labor and an increase in wages.
A) Skilled laborers; demand; increase in demand
B) Unskilled laborers; supply; decrease in supply
C) Unskilled laborers; VMPL; increase in demand
D) Skilled laborers; supply; increase in supply
Correct Answer:
Verified
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Q7: Figure 9.1
The Effects of an Employer-Specific Labor
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Q11: Figure 9.1
The Effects of an Employer-Specific Labor
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