If Teenagers and Adults Are Substitutes in Production,and the Wage

question 16

Multiple Choice

If teenagers and adults are substitutes in production,and the wage of teenagers falls,then

• A) they must be gross substitutes, and the employment of adults will fall.
• B) they must be gross complements, and the employment of adults will fall.
• C) they could be either gross substitutes or gross complements, and the employment of adults could rise or fall.
• D) they must be gross substitutes, and the employment of adults will rise.

---

Definitions:

Left-hand Generator Rule

A rule used to determine the direction of induced current when a conductor moves through a magnetic field, utilizing the left hand to align thumb, forefinger, and middle finger perpendicularly.

Magnetic Field

A magnetic field is a vector field that surrounds magnets and electric currents, exerting magnetic forces on moving electric charges and magnetic materials.

Exponential Curve

A natural curve that is the rate at which current can rise or fall in an inductor or the rate of charge and discharge for a capacitor.

Time Constant

The amount of time required for the current flow through an inductor or for the voltage applied to a capacitor to reach 63.2% of its total value.