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Subject - Economics:

Microeconomics

MCQ - 57-4067

Question:

Declining populations of tuna in the Atlantic Ocean have likely had which of the following impacts on the wages of tuna fishermen, the employment of tuna fishermen, and real estate prices in New England fishing towns?

  1. FISHERMAN WAGES: Decrease, EMPLOYMENT OF FISHERMAN: Increase, REAL ESTATE PRICES: Increase
  2. FISHERMAN WAGES:Decrease, EMPLOYMENT OF FISHERMAN: Decrease, REAL ESTATE PRICES: Decrease
  3. FISHERMAN WAGES:Decrease, EMPLOYMENT OF FISHERMAN: Decrease, REAL ESTATE PRICES:Increase
  4. FISHERMAN WAGES:Decrease, EMPLOYMENT OF FISHERMAN: Decrease, REAL ESTATE PRICES: Decrease
  5. FISHERMAN WAGES: Increase,EMPLOYMENT OF FISHERMAN: Increase,REAL ESTATE PRICES: Increase

Correct Answer: B

Explanation:

Decreased labor demand lowers wage and employment. Lower incomes and higher unemployment decrease real estate prices.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Declining populations of tuna in the Atlantic Ocean have likely had which of the following impacts on the wages of tuna fishermen, the employment of t .... gland fishing towns?, keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 57-4067.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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