An increase in the number of students graduating with a major in psychology would result in
a. a decrease in the supply of psychologists that would increase the wage of psychologists and decrease the number employed.
b. an increase in the supply of psychologists that would decrease the wage of psychologists and increase the number employed.
c. a decrease in the demand for psychologists that would decrease the wage of psychologists and decrease the number employed.
d. an increase in the demand for psychologists that would increase the wage of psychologists and increase the number employed.
B
You might also like to view...
Nicholas does not possess marketable job skills; therefore, he is
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
When Dr. Goldfinger decides on the companies in which he will invest, a ________ issue is being addressed
A) positive economic B) normative economic C) microeconomic D) macroeconomic
Describe the three ways that banks normally earn revenue
What will be an ideal response?
Other things equal, if the wage rates paid to a firm's labor inputs were to rise, we would expect the:
A. AFC, AVC, ATC, and MC curves all to rise. B. AVC, ATC, and MC curves all to rise. C. AFC and ATC curves to fall. D. MP curve to fall.