Suppose that the wage paid to workers who detassel corn rises. What happens in the market for workers who weed soybean fields, given that workers who detassel corn can easily work weeding soybean fields?
a. The demand curve for soybean workers increases.
b. The demand curve for soybean workers decreases.
c. The supply curve for soybean workers increases.
d. The supply curve for soybean workers decreases.
d
You might also like to view...
If aggregate output is below its equilibrium level ________
A) there is an excess demand for goods B) actual output is below planned expenditure C) firms will tend to replenish their low inventories driving output up toward equilibrium D) all of the above E) none of the above
According to new growth theory, the primary source of growth is:
A. capital. B. government intervention in the market place. C. entrepreneurship. D. technology.
The maximum number of individuals a U.S. president can appoint to the Board of governors is
A) 15. B) 12. C) 7. D) 4 . E) none of the above
The ________ represents the additional revenue that comes from using one more unit of input.
A. average revenue product B. learning curve C. marginal revenue product D. economic profit