Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equipment in the city of San Francisco,California permanently useless.No people are hurt,and no buildings are damaged.Which of the following statements correctly describes the wages earned by California workers after the accident?
A) The marginal productivities of workers will increase and wages will increase.
B) The marginal productivities of workers will decrease and wages will decrease.
C) The marginal productivities of workers will increase and wages will decrease.
D) The marginal productivities of workers will decrease and wages will increase.
Correct Answer:
Verified
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