Which of the Following Would Not Be a Prediction from Economic

question 232

Multiple Choice

Which of the following would not be a prediction from economic labor theory regarding the wage of a field hand?

• A)Wages would increase as the price of wheat increased.
• B)Wages would decrease as interest rates rose.
• C)Wages would increase with the imposition of restrictions on immigration .
• D)Wages would decrease when the wheat thrasher increased harvesting productivity.

---

Definitions:

Partnership Assets

Resources owned by a partnership that are used in the operation of the business and are subject to division among partners according to the partnership agreement.

Income Sharing

A financial arrangement where earnings are distributed among individuals or groups based on a predetermined formula or agreement.

Unlimited Liability

Unlimited liability refers to the full responsibility of business owners to cover all debts and legal actions against the business, potentially using personal assets.

Liquidation

The process of converting assets into cash or cash equivalents by selling them, often used to pay off debts or in closing down a business.