Question #48888

What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?


Options:

Answer: What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry.

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Share This Question