In Situations Where New Technologies Are Considered Complementary to Workers

question 266

Multiple Choice

In situations where new technologies are considered complementary to workers, demand for these workers will ________, resulting in ________ in the equilibrium wage.

• A)increase; a decrease
• B)increase; an increase
• C)decrease; a decrease
• D)decrease; an increase

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Definitions:

Data Tables

Structures in software and databases designed to organize, store, and manage data in rows and columns for easy retrieval and analysis.

TIMEVALUE Function

A function in spreadsheet software that converts a time in the form of text to a serial number representing the time in the software's date-time code.

TODAY() Function

A programming and spreadsheet function that returns the current date, widely used in data analysis, time-sensitive calculations, and reporting.

MROUND

A function in Excel that rounds a number to the nearest multiple of a specified value.