New technology
A) definitely increases a firm's demand for labor.
B) definitely decreases a firm's demand for labor.
C) definitely does not change a firm's demand for labor.
D) could increase or decrease a firm's demand for labor.
D
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Refer to Scenario 17-1. Following the passage of comparable worth legislation, Unity College responds by placing salaries at $65,000. Which of the following is the result of the legislation?
A) The supply of English professors increases and the supply of business professors decreases. B) There will be a surplus in the market for English professors and the market for business professors will not be affected. C) There will be a surplus in the market for English professors and a shortage in the market for business professors. D) The demand for English professors decreases and the demand for business professors increases.
Which of the following inputs is most likely to be "fixed" in the short run?
A) Labor. B) Capital. C) Energy. D) Raw Material.
Unemployment insurance benefits the macroeconomy by supporting purchasing power
a. True b. False Indicate whether the statement is true or false
Proponents of a command economy argue that it promotes:
A. efficiency. B. equity. C. consumer sovereignty. D. economic growth.