What Happens to the Demand for Piano Tuners and the Wage

question 110

Multiple Choice

What happens to the demand for piano tuners and the wage paid to piano tuners with the implementation of improved tuning instruments?

• A)demand for tuners increases, and so does their wage
• B)demand for tuners increases, and their wages fall
• C)demand for tuners falls, and so does their wage
• D)demand for tuners falls while their wage rises

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Definitions:

Intragenerational Mobility

Is social mobility that occurs within a single generation.

Horizontal Mobility

The movement of individuals or groups across similar social and economic positions, without a change in their status.

Human Capital Theory

posits that individuals and societies benefit from investments in people's education and skills, equating such investment to building capital.

Economic Success

Economic success is the achievement of financial prosperity and stability, often measured by factors such as income, wealth, and employment status in the context of an individual, organization, or nation.