Which of the following would not be a prediction from economic labor theory regarding the wage of a field hand?
A)Wages would increase as the price of wheat increased.
B)Wages would decrease as interest rates rose.
C)Wages would increase with the imposition of restrictions on immigration .
D)Wages would decrease when the wheat thrasher increased harvesting productivity.

Question

Quizplus · Accepted Answer

Wages would decrease when the wheat thrasher increased harvesting productivity because the increased productivity would reduce the demand for field hands.

Which of the Following Would Not Be a Prediction from Economic