Consider the Labor Market for Computer Programmers

question 355

Multiple Choice

Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically. Holding all else equal, the equilibrium quantity in the labor market for computer programmers

• A)increased.
• B)decreased.
• C)did not change.
• D)It is not possible to determine the equilibrium quantity.

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Definitions:

Larceny

The unlawful taking and carrying away of someone else's personal property with the intent to permanently deprive the owner of it.

Computer Files

Digital documents, data, or programs stored on a computer or digital storage media that can be accessed and used by computer software.

Electricity

A form of energy resulting from the existence of charged particles, such as electrons or protons, typically used as a power source.

Fraudulently

Acting with intentional deception or dishonesty to gain an unauthorized benefit or to harm another party.