Other Things Remaining the Same,which of the Following Is Likely

question 109

Multiple Choice

Other things remaining the same,which of the following is likely to increase both the wage rate and the number of workers hired in a steel-producing factory?

• A) An increase in the opportunity cost of leisure
• B) A decrease in the opportunity cost of leisure
• C) The introduction of labor-saving technology in the factory
• D) The introduction of labor-complementary technology in the factory

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Definitions:

Child-Rearing

The practices and methods used by parents and caregivers to support and guide the development of a child from infancy through adolescence.

Elected Offices

Positions of authority or service in a government or organization that are filled through the process of voting.

Collectivism

A cultural or social perspective that emphasizes the importance of the group over the individual, promoting community and shared values.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.