If the Demand for Workers with Doctorate Degrees in Economics

question 75

Multiple Choice

If the demand for workers with doctorate degrees in economics increases, we would expect

• A) the wages of economists to increase in the short run and the number of economists employed to increase in the long run.
• B) the supply of economists to increase in the short run and their wages to rise in the long run.
• C) a rapid increase in the supply of economists, causing wages to remain constant.
• D) the wages of economists to decrease in the short run and the number of economists employed to increase in the long run.

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Definitions:

Marks, Mathieu

Researchers known for their contributions in the field of industrial and organizational psychology, particularly around team dynamics and effectiveness.

Coordinated Team Action

The process by which members of a team or group efficiently work together in a harmonized and synchronized manner to achieve a common goal.

Transitioning

The process of changing from one state or condition to another, often used in the context of personal or professional development.

Managing Interpersonal Relations

The process of handling interactions and relationships between individuals in personal or professional contexts to foster positive outcomes.