Multiple Choice
Holding other factors constant, technological progress ________ the real wage and ________ employment.
A) increases; increases
B) increases; decreases
C) increases; does not change
D) decreases; increases
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Initially, workers in the shoe industry and
Q38: The costs of unemployment are lowest (and
Q39: Globalization _ the wages of workers in
Q40: Frictional unemployment occurs because:<br>A)labor markets are heterogeneous
Q41: Firms will hire additional workers as long
Q43: Globalization and skill-biased technological change have contributed
Q44: Macroland produces dishes and glassware. Before trade,
Q45: The real wage is the:<br>A)price of labor.<br>B)demand
Q46: Structural unemployment will decrease when:<br>A)the minimum wage
Q47: The following table provides information about production