Suppose the demand for labor shifts rightward due to economic growth, but the supply of labor remains unchanged. How does this affect the market outcome under an efficiency wage equilibrium?
A) Efficiency wage and employment are higher
B) Efficiency wage is lower, employment is higher
C) Efficiency wage is higher, employment is lower
D) Efficiency wage and employment are lower
Question 2
Since the 1940s, the demand for labor has expanded equally for both skilled and unskilled workers.
Indicate whether the statement is true or false
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
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Shoot meristems in plant growth