Multiple Choice
If robotics and factory automation become more widespread in an industry and all else is held constant:
A) both the demand for labor in that industry and the wage rate should increase.
B) both the demand for labor in that industry and the wage rate should decrease.
C) the demand for labor should decrease in that industry and the wage rate should increase.
D) the demand for labor should increase in that industry and the wage rate should decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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