ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose the local economy experiences an influx of both skilled and unskilled workers, what will happen to prices of goods and services?
Group of answer choices
Since this increases the supply of labor, prices and wages both decrease.
Since this increases the demand for labor, prices and wages both increase.
Since this decreases the supply of labor, prices and wages both decrease.
Since this increases the marginal product of labor, prices and wages both decrease.
A worker on a Texas oil rig is likely to earn _______ than a reception because _________.
Group of answer choices
less; the job has unattractive characteristics.
more; the job is more fun.
more; the job is more prestigious.
more; the job is more dangerous.
please answer two questions
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