Author Question: Other things being equal, an increase in wages paid to workers in firms making digital devices will ... (Read 118 times)

rachel9 · **on:** Jun 29, 2018

Other things being equal, an increase in wages paid to workers in firms making digital devices will cause

A) the quantity of digital devices demanded to increase.
B) the quantity of digital devices supplied to decrease.
C) the supply of digital devices to decrease.
D) the demand for digital devices to decrease.

Question 2

The use of goods and services for personal satisfaction is known as

A) the law of increasing relative cost.
B) specialization.
C) comparative advantage.
D) consumption.