Question
The argument that technological change creates jobs assumes that: a.The factor output effect outweighs the factor substitution effect. b.The level of human capitol in the
The argument that technological change creates jobs assumes that:
a.The factor output effect outweighs the factor substitution effect.
b.The level of human capitol in the economy is increasing.
c.The factor substitution effect outweighs the factor output effect.
d.The real wage rate increases faster than the nominal wage rate.
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
