econ final 5
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Technologies that substitutes _____ labor-saving labor-discarding labor-complementary ___
existing labor inputs are known as , technologies.
With this type of technological change, the marginal productivity of existing labor inputs will
What do you think explains this wage differential?
The economic output of athletes like robert griffin
_____ occurs when people's preferences cause them to discriminate against a certain group.
_____ Occurs when expectations cause people to discriminate against a certain group.
The owner of a company that manufactures automobile parts states that it will not hire youthful employees.This is an example of
Which of the following is not an important determinant of wage inequality within an economy?
Differences in connections to influential people.
Compensating wages are the wage premiums ___________.
paid to attract workers to occupations to otherwise undesirable jobs.
Which of the following is not one of the sources of natural market power?
owning a firm in a small community
Which of the following best describes network externalities?
They occur when a product's value increases as more consumers begin to use it.
econ final 5