The Wage Paid to Labor Should Increase When

question 84

Multiple Choice

The wage paid to labor should increase when:

• A) the capital-labor ratio increases.
• B) the capital-labor ratio decreases.
• C) a country's labor force increases.
• D) a country's capital stock decreases.

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Definitions:

Median Score

A statistical measure representing the middle value in a set of data, where half the numbers are above and half are below this point.

Test

an assessment intended to measure a test-taker's knowledge, ability, aptitude, physical fitness, or classification in many other topics.

Students

Individuals who are engaged in learning, especially those enrolled in educational institutions.

Mean Score

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.