Suppose Each Worker Must Use Only One Shovel to Dig

question 12

Multiple Choice

Suppose each worker must use only one shovel to dig a trench,and shovels are useless by themselves.In the short run,an increase in the price of shovels will result in

• A) fewer shovels being purchased.
• B) more workers being hired.
• C) a decrease in the firm's output.
• D) no change in the firm's output.

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Definitions:

Latin American Countries

Nations located in the Americas where Romance languages, primarily Spanish and Portuguese, are predominantly spoken.

Personal Influence

Refers to the impact or effect an individual can have on the behaviors, attitudes, or opinions of others through direct interaction or social media.

Unions

Organizations formed by workers in various industries to protect and promote their rights, interests, and working conditions.

Political Parties

Organizations that seek to gain power in a government, usually by participating in electoral campaigns and presenting candidates for public office.