As the Wage Rate Increases for Computer Programmers,the

question 59

Multiple Choice

As the wage rate increases for computer programmers,the

• A)supply curve for computer programmers will shift to the right
• B)supply curve for computer programmers will shift to the left
• C)demand curve for computer programmers will shift to the left
• D)minimum wage will fall in this labor market
• E)supply curves for workers in similar industries will shift to the left

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Definitions:

Savings Rate

The Savings Rate is a measure indicating the proportion of income that households save rather than spend on consumption.

Economic Growth

An increase in the production of goods and services in an economy over a period, typically measured as a percentage increase in real gross domestic product (GDP).

Pollution Regulations

Laws and rules established to control or reduce harmful emissions and waste to protect the environment and public health.

Energy Costs

The expenses associated with the consumption of energy, affecting both consumers and industries in terms of heating, electricity, and fuel.