If a New Computer Program Was Developed That Dramatically Improved

question 11

Multiple Choice

If a new computer program was developed that dramatically improved productivity in most firms,what would happen in the labor market?

• A) The real wage would not change but employment would decrease.
• B) The real wage would increase and employment would decrease.
• C) The real wage would decrease and so would employment.
• D) The real wage would decrease and employment would increase.
• E) The real wage would increase and so would employment.

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Definitions:

"G"

A term representing general intelligence, proposed as a single factor influencing all cognitive abilities.

Medical Directives

Legal documents that specify a person's wishes regarding medical treatment in situations where they may be unable to communicate their decisions.

Living Wills

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Fear Of Death

An anxiety or dread concerning the thought of dying or the process of dying; it is a common fear amongst people.