Assume That Automobiles Are a Normal Good

question 137

Multiple Choice

Assume that automobiles are a normal good. An increase in income will

• A) shift the marginal revenue product curve of auto workers to the left.
• B) move a firm down the marginal revenue product curve of auto workers.
• C) shift the marginal revenue product curve of auto workers to the right.
• D) have no effect on the marginal revenue product curve of auto workers.

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Definitions:

Career Choice

The process of deciding on a specific career path or profession based on personal interests, values, and abilities.

Transferable Skill

A skill that is useful in a variety of jobs and industries, not just the one in which it was originally acquired.

Holland Personality

A theory that categorizes people based on six personality types—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—to match them with suitable careers.

Career Types

Various categories of occupations based on similar characteristics, skills, education requirements, and interests.