Consider the Labor Market for Computer Programmers

question 201

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 wage in the labor market for computer programmers

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

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Definitions:

Surface Traits

Observable qualities or characteristics of personality that can be easily seen by others, in contrast to deeper, less obvious traits.

Source Traits

Fundamental personality traits that are intrinsic to an individual and give rise to surface traits in various situations.

Dynamic Traits

refer to personality attributes that are adaptable and can change in response to different situations or over time.

Empirical Research

A method of study based on observation or experimentation rather than theory alone.