This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If wages are sticky, a decrease in labor (Read 31 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Apr 19, 2019

Question 1

If the wage rate in the labor market is $17 and the productivity of workers decreases, which of the following statements is 
incorrect?


◦ The labor demand curve shifts to the left.
◦ If wages are flexible, there will be a decrease in wages.
◦ If wages are sticky, there will be a shortage in the labor market.
◦ If wages are sticky, there will be a surplus in the labor market.

Question 2

If wages are sticky, a decrease in labor


◦ supply decreases the wage rate.
◦ demand increases the wage rate.
◦ demand decreases the wage rate.
◦ None of these
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by CBme on Apr 19, 2019

kalskdjl1212

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


CBme

  • Member
  • Posts: 548
Reply 2 on: Apr 19, 2019
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Decrease in Fertility, 1800–1900 Decrease in Fertility, 1800–1900
Overallocation of Labor to Sector 1 Overallocation of Labor to Sector 1
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Effect of Education on Wages Effect of Education on Wages
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library