Multiple Choice
Which of the following would not be a prediction from economic labor theory regarding the wage of a field hand?
A) Wages would increase as the price of wheat increased.
B) Wages would decrease as interest rates rose.
C) Wages would increase with the imposition of restrictions on immigration .
D) Wages would decrease when the wheat thrasher increased harvesting productivity.
Correct Answer:
Verified
Correct Answer:
Verified
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