Multiple Choice
Suppose that new high-technology farming equipment is developed. These new machines are substitutes for low-income workers such as farm laborers, but they are complements for high- income workers such as farm technicians and farm owners. This new technology will _______ employment and _______ wages for high-income workers.
A) increase, decrease
B) increase, increase
C) decrease, decrease
D) decrease, increase
Correct Answer:
Verified
Correct Answer:
Verified
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