Suppose That Technological Progress Increases the Productivity of Teachers

question 514

Multiple Choice

Suppose that technological progress increases the productivity of teachers. Which of the following accurately describes the labor market for teachers after the technological change? Equilibrium wages will

• A)rise, and the equilibrium quantity of teachers employed will fall.
• B)rise, and the equilibrium quantity of teachers employed will rise.
• C)fall, and the equilibrium quantity of teachers employed will fall.
• D)fall, and the equilibrium quantity of teachers employed will rise.

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Definitions:

Comparable Taste

A term used to describe when two or more food or drink items have similar flavors or palate experiences.

Traditional Rule

Established conventions or standards that have been widely accepted and followed over time.

Minor

A person under the legal age of adulthood, typically under 18 years old in most jurisdictions, who lacks the legal capacity for certain actions and decisions.

Rescinding

The action of revoking, cancelling, or repealing a contract, agreement, or order.