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Akimi4 [234]
3 years ago
13

As the information technology advances and consumers buy products requiring more and more technology, the wages of people with h

igh level programming and other technical skills would a. increase as the supply of high tech skills increases. b. increase as the demand for high tech skills increases. c. not be affected by consumers’ purchases d. decrease as the supply of high tech skills increases.
Business
1 answer:
Katyanochek1 [597]3 years ago
6 0

Answer:

b. increase as the demand for high tech skills increases.

Explanation:

Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.

This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.

I hope my answer helps you

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C) The invisible hand

Explanation:

Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.

This is also a clear example to what Adam Smith was referring to the invisible hand:

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What happened to anyone who could not keep up with the march?
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3 years ago
began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was available for r
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$352,500

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An investor makes three deposits into a fund, at the end of 1, 3, and 5 years. The amount of the deposit at time t is 100(1.025)
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Answer:

The size of the fund at the end of 7 years is $483.110

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