Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN: 9781305971493
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 18, Problem 5CQQ
To determine
Growth of real wage.
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(a) If WM = Wp, from what type of labor market does the firm hire its workers?
(b) Assume the productivity of workers increases as a result of improvement in technology. What will happen to each of the following in the short run?
The market demand for labor
(ii) The wage rate the firm will pay. Explain.
Economics
Q)how changes in productivity influence the demand for labor.
please explain correctlt
Dont give any explaination.....just answer the 3 MCQs below.
Ā
1. Meaghan does an "office" job in her apartment by relying on information technology, including telephones, computers, and the internet. This pattern is described as participating in __________.
a.
the centralization of work
b.
economic outsourcing
c.
the Industrial Revolution
d.
the gig economy
Ā
2. In which of the following regions of the country have all states enacted "right to work" laws that ban unions from requiring all workers to pay union dues?
a.
the West Coast
b.
the Northeast
c.
the Midwest
d.
the South
Ā
According to the liberal view, __________.
a.
government must regulate the workplace in order to protect the interests of workers
b.
the workplace should operate with no government involvement
c.
the employer is best able to regulate workplace conditions
d.ā¦
Chapter 18 Solutions
Principles of Microeconomics (MindTap Course List)
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