Consider the Labor Market for Computer Programmers,which Is in Equilibrium

question 75

Multiple Choice

Consider the labor market for computer programmers,which is in equilibrium.During the late 1990s,the value of the marginal product of all computer programmers increased dramatically.Holding all else equal,what effect did this process have on the equilibrium quantity in the labor market for computer programmers?

• A)The equilibrium quantity increased.
• B)The equilibrium quantity decreased.
• C)The equilibrium quantity did not change.
• D)It is not possible to determine the equilibrium quantity.

---

Definitions:

Domination

Domination is the exercise of control or influence over someone or something, often in a way that limits freedom and autonomy.

Culture

The shared values, norms, behaviors, and material objects that constitute a people's way of life.

Split Labor Market Theory

A theory that explains racial and ethnic conflict in the labor market as a result of divisions among workers based on differences in price of their labor.

Racist Attitudes

Prejudices or discriminatory beliefs based on the concept of race, where individuals or groups are treated differently based on perceived racial differences.