Suppose That the Labor Market for Life Guards Is Initially

question 124

Multiple Choice

Suppose that the labor market for life guards is initially in equilibrium. Then swimming pool owners adopt a new labor-saving technology that uses computers to monitor the locations of swimmers in the pool. What happens to the equilibrium wage and quantity of life guards?

• A)Both the equilibrium wage and quantity increase.
• B)Both the equilibrium wage and quantity decrease.
• C)The equilibrium wage increases, and the equilibrium quantity decreases.
• D)The equilibrium wage decreases, and the equilibrium quantity increases.

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Definitions:

Qualitative Research

A research method that seeks to understand human behavior through observation, interviews, and analysis of text and visual data, focusing on subjective experiences.

Quantitative Research

Research methods emphasizing objective measurements and statistical or numerical analysis of data collected through polls, questionnaires, and surveys.

Text Messaging

The process of sending short electronic messages between mobile phones or other digital devices.

Triangulation

An approach in which more than one research method is used in an attempt to more fully understand an area of study.