--%>

Automation and Wage Rates

I have a problem in economics on Automation and Wage Rates. Please help me in the given question. When physical capital becomes cheaper: (i) Some of the workers might be displaced however worker productivity as a rule rises.  (ii) Automation will make jobs for more workers. (iii) Workers will supply additional labor services. (iv) Labor supply curves will move to backward bending areas.

What is the most precise answer.

   Related Questions in Microeconomics

  • Q : Monopsony power-Purely competitive Can

    Can someone help me in finding out the right answer from the given options. Dissimilar to a purely competitive hirer of labor, the firm with monopsony power can: (i) Both set any wage it wishes and hire as many workers as it desire

  • Q : Definition of monopsonist The

    The individual or firm which is the sole buyer of the specific good or resource is a/an: (i) Monopolist. (ii) Oligopolist. (iii) Monopsonist. (iv) Monopolistic competitor. Find out the right answer from the above options.

  • Q : Arc elasticity formula for price

    When raising subscription rates to the News and Observer from $8 to $10 monthly cause newspaper sales to drop by 180,000 to 120,000 copies daily, using the arc elasticity formula, then price elasticity of demand equals to: (1) 0.9. (2

  • Q : Complementary goods problem When a

    When a price cut for licorice gummy bears decreases the demand for tuna fish ice cream, then: (i) tuna fish ice cream and licorice gummy bears are both complementary goods. (ii) Price scrambles for tuna fish ice cream will diminish the demand for licorice gummy bears.

  • Q : Labor Unions and Inflation Even

    Even although less than 12 percent of labor in the U.S. is unionized, numerous argue that unions are the primary cause of inflation as union wage hikes: (i) Cause unemployment that is inflationary. (ii) Frequently serve as the goals in recognizing non-union wage. (iii

  • Q : Income elasticity of demand with small

    The income elasticity of demand can be approximately computed if we identify the percentage change within the: (1) quantity of a good demanded yielded by a specified absolute change in income. (2) price generated through a specified change in quantity

  • Q : Labor union monopoly I have a problem

    I have a problem in economics on Labor union monopoly. Please help me in the following question. As compared to pure competition, beneath a pure labor union monopoly, the wage will tend to: (1) Higher and employment will also be higher. (2) Lower and

  • Q : Arising Economic Discrimination

    Economic discrimination occurs while: (1) economic rents are received by resource suppliers. (2) wages are proportional to workers’ differing productive contributions. (3) household incomes differ because of different resource ownership. (4) pur

  • Q : Government programs influencing

    Government programs assuring farmers minimum legal price floors which surpass equilibrium market prices will outcome: (1) Cheaper food for consumers. (2) Scarcities of food and the potential for famine. (3) Surplus demand in food markets. (4) Maximum equilibrium price

  • Q : Formula for the marginal utility I have

    I have a problem in economics on Formula for the marginal utility. Please help me in the following question. The formula for marginal utility of good X is as: (1) MU = change in U/ change in X. (2) MU = U/X. (3) MU = U1 U2. (4) MU = change in X/change in U.