Labor and capital are used to produce automobiles. Anincrease in the demand for

Question

Labor and capital are used to produce automobiles. Anincrease in the demand for labor can be due to a. an increase in the wage rate b. an increase in the demand for automobiles c. an increase in the productivity of labor d. all of the above e. B and C Labor and capital are used to produce automobiles. Anincrease in the demand for labor can be due to a. an increase in the wage rate b. an increase in the demand for automobiles c. an increase in the productivity of labor d. all of the above e. B and C

Explanation / Answer

b. an increase in the demand for automobiles they need more worker to make more cars If there was a increase in the productivity of labor theywould need less people and demand would go down If the wage rate went up their would be less demand forlabor

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