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:

Environmental Uncertainty

A lack of complete information about the environment.

Organisational Design

Organisational design is the process of shaping an organization's structure and roles to align with its objectives, strategy, and environment, enhancing efficiency and effectiveness.

Strategy

Strategy refers to a plan of action designed to achieve a long-term or overall aim.