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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726754
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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