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

question 257

Multiple Choice

Consider the labor market for computer programmers,which is in equilibrium.Because of the dot.com boom in the late 1990s,a lot of workers went to school to learn how to write computer code for one of thousands of new dot.com companies.However,when these computer programming students graduated,the dot.com bust took place.The dot.com bust decreased the value of the marginal product of computer programmers.Holding all else equal,what effect did these two circumstances have on the equilibrium wage in the labor market for computer programmers?

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

Develop an understanding of the differentiation between solicited and unsolicited proposals.

Identify and differentiate between various types of reports and their purposes within business contexts.

Comprehend the role and importance of a company's mission statement, structure, and objectives.

Appreciate the significance of accurate problem-solving and analysis in the development of business reports.

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Definitions:

Central Business Core

The primary area within a city where commercial, cultural, and government activities are concentrated, often referred to as the downtown area.

Outside Contractors

Third-party individuals or companies hired to perform specific tasks or services that are not handled by the organization's internal staff.

Organizational Design

The process of structuring and aligning an organization's architecture, including its systems, processes, and positions, to achieve its goals.

Organizational Structures

The systems of roles, responsibilities, and authority within a company, determining how activities and resources are coordinated and managed.