If labor productivity rises, then wages: (a) Will decrease and the number of jobs will decrease. (b) Will decrease, but the number of jobs will not change. (c) Can increase without a decrease in the number of jobs. (d) Can increase, but...
Read the full-text online article and more details about "Wages Go Up If Productivity Goes up.(Opinion &Amp; Editorial)" - Manila Bulletin, November 3, 2002Manila Bulletin
If over a short time there is an increase in the number of people retired and a decrease in the number of people working, then productivity: a. and real GDP per person rise. b. rises, but real GDP per person falls. c. falls and real GDP per person rises. If goverment spending inc...
“Given that there is no question that robotic technology will continue to expand the productivity and in large measure destroy jobs and devalue the value of human labor, the question that SHOULD be urgently addressed is WHO SHOULD OWN THE FUTURE TECHNOLOGY ECONOMY? Will ownership continue to conc...
wages must equal profit b. consumption must equal saving c. income must equal expenditure d. the number of buyers must equal the number of sellers When income is $1,000, the level of consumption spending is equal to $850. When income rises to $1,...
But with the strong September jobs report came the up-revisions of prior data that prompted this headline here: OK, Forget it, False Alarm, Labor Market Is Fine, Bad Stuff Last Month Was Revised Away, Wages Jumped. No More Rate Cuts Needed? “Pande...
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If an economic shock increases labor demand, equilibrium employment a. rises b. stays the same c. falls and real GDP. a. stays the same b. falls c. rises If wages are flexible the increase in Should the government replace the wages of anyone who is unemployed? How might this affect ...
True or false: "If the average productivity of labor is decreasing, then the marginal cost will be increasing." Justify your answer. True or false? An increase in wages increases productivity. True or False: "A wage sub...
If your nominal income increases by 5% and the price index rises from 125 to 130, then your real income will: a. remain constant. b. increase by 1%. c. decrease by 1%. d. increase by 4%. If nominal wages and productiv...