Suppose That the Labor Market for Life Guards Is Initially

question 124

Multiple Choice

Suppose that the labor market for life guards is initially in equilibrium. Then swimming pool owners adopt a new labor-saving technology that uses computers to monitor the locations of swimmers in the pool. What happens to the equilibrium wage and quantity of life guards?

• A)Both the equilibrium wage and quantity increase.
• B)Both the equilibrium wage and quantity decrease.
• C)The equilibrium wage increases, and the equilibrium quantity decreases.
• D)The equilibrium wage decreases, and the equilibrium quantity increases.

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Definitions:

Slaves And Creoles

Individuals subjected to slavery, and Creoles often refers to people of mixed European and Black descent, particularly in the context of historical colonial societies.

Black Musicians

African American artists who play or compose music, often contributing significantly to the development of various music genres.

Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its rich history and diverse cultures.

Points Of Contrast

Elements or factors that highlight differences between two or more objects, ideas, or individuals when compared.