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SebKom SebKom
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6 years ago
In a competitive industry, output is produced with skilled and unskilled labor. Factor-biased technical change that increases the productivity of skilled labor, will, at a given ratio of skilled to unskilled labor, shift any given isoproduct curve ________ the origin and ________ the absolute slope of the isoproduct curve (when the number of skilled workers is measured along the horizontal axis). Pick the best pair of answers.
A) towards; increase
B) towards; decrease
C) away from; increase
D) away from; decrease
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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alanialani
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SebKom Author
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6 years ago
This helped my grade so much Perfect
yen
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Thank you, thank you, thank you!
kaytee23
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Brilliant ツ
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