Increases in the amount of human capital in theeconomy tend to _________ real incomes becausethey increase the _________ of labor.a. increase; bargaining powerb. increase; productivityc. decrease; bargaining powerd. decrease; productivity
Increases in the amount of human capital in theeconomy tend to _________ real incomes becausethey increase the _________ of labor.a. increase; bargaining powerb. increase; productivityc. decrease; bargaining powerd. decrease; productivity
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 8SQ
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Question
Increases in the amount of human capital in the
economy tend to _________ real incomes because
they increase the _________ of labor.
a. increase; bargaining power
b. increase; productivity
c. decrease; bargaining power
d. decrease; productivity
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