Multiple Choice
If large numbers of young Americans thought the life of a cowhand was great (despite the hardships) , we would expect
A) an increase in the wages of cowhands.
B) a decrease in the wages of cowhands because supply would be enlarged.
C) no impact on wages, which are determined by supply and demand, not preferences.
D) a decrease in the wages of cowhands because demand would be reduced.
Correct Answer:
Verified
Correct Answer:
Verified
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