Multiple Choice
A war destroys much of the capital stock in the country of Omega. As a result, holding other factors constant, the real wage in Omega will ________ and employment in Omega will ________.
A) increase; increase
B) increase; decrease
C) increase; not change
D) decrease; decrease
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Skill-biased technological has different effects on the
Q55: Periods of unusually low production in an
Q56: In the United States there is evidence
Q57: Increasing wage inequality results when international trade
Q58: The principle of diminishing returns to labor
Q60: The following table provides information about production
Q61: High Tech, Inc. produces plastic chairs that
Q62: A "two-tier" labor market in the United
Q63: Long-term increases in productivity that have increased
Q64: All of the following describe trends in