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:

Equipment (Net) Account

The value of a company's equipment after accounting for depreciation or amortization.

Consolidated

The combination of financial statements of a parent company and its subsidiaries into one comprehensive financial statement, presenting the business as a single economic entity.

Fair Value

The value obtained or paid in the process of selling an asset or managing a liability within a planned negotiation among market contributors on the valuation day.