Multiple Choice
Other things remaining the same,which of the following is likely to increase both the wage rate and the number of workers hired in a steel-producing factory?
A) An increase in the opportunity cost of leisure
B) A decrease in the opportunity cost of leisure
C) The introduction of labor-saving technology in the factory
D) The introduction of labor-complementary technology in the factory
Correct Answer:
Verified
Correct Answer:
Verified
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