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
Seedling growth showing the triple response to ethylene.
Economic activity as viewed by environment and ecological economists
Relationship between Economic Openness and GDP per Capita
economic question
economic question
Secondary growth