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Author Question: Which of the following is likely to cause a fall in the wage rate and an increase in the number of ... (Read 52 times)

natalie2426

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on: Jun 29, 2018
Which of the following is likely to cause a fall in the wage rate and an increase in the number of workers hired in a local cotton mill?
 
  A) A reduction in wage paid in a nearby jute mill
  B) The introduction of labor-saving technology in the mill
  C) The introduction of labor-complementary technology in the mill
  D) A decrease in the population of the region in which the cotton mill is located

Question 2

Which of the following is an example of a monopolistically competitive market?
 
  A) The market for wheat
  B) The market for coffee beans
  C) The market for shampoo
  D) The market for premium cars


at

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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