Suppose That a College Physics Experiment Goes Horribly Wrong and Releases

question 301

Multiple Choice

Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equipment in the city of San Francisco,California permanently useless.No people are hurt,and no buildings are damaged.Which of the following statements correctly describes the wages earned by California workers after the accident?

• A) The marginal productivities of workers will increase and wages will increase.
• B) The marginal productivities of workers will decrease and wages will decrease.
• C) The marginal productivities of workers will increase and wages will decrease.
• D) The marginal productivities of workers will decrease and wages will increase.

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Definitions:

Indenture Contract

A formal legal agreement, bond, or document specifying the terms and conditions between parties, often used in finance for bonds or loans.

Bylaws

Written rules and regulations that dictate how an organization or entity is governed and operated.

Corporation

A legal entity created by individuals, stockholders, or shareholders, with rights and liabilities separate from those of the individuals involved.