Introduction to Economics 1 Deneme Sınavı Sorusu #726754

Which of the following statements is not correct regarding the determinants of labor demand?


Technology always requires new labor with a specific set of skills.

More consumer demand for a good increases the labor demand.

Lower market price for a good decreases the demand for labor.

Cheaper capital may be reason for firms to have less demand for labor.

New competitors in a market increase demand for labor.


Yanıt Açıklaması:

Not all technological change favors labor. Sometimes technological change means that workers are replaced by machines (capital) and as a result of this, labor is demanded less. Therefore, the correct option is A.

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