More people decide to major in nursing and fewer people decide to major in engineering. All else the same, over time we can expect nursing salaries (wages) to [ Select ] and engineering salaries (wages) to [ Select ] • Previous Next

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Decrease/increase
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Given that more people are deciding to major in nursing and fewer people decides to major in engineering. Overtime the salaries or wages nursing will decrease because there will be large supply of nurses and hence the wages will come down. Whereas the salaries or wages of engineers will increase because there will not be much supply of engineers, which will give rise in wages overtime.

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