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- Subject
- Income Inequalityeconomics-mcqs › income-inequality
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
The introduction of computer spreadsheet technology has enhanced accountants' efficiency. What is the likely impact on the demand for accountants?
Multiple choice question for Income Inequality. Select an option, then review the explanation below.
Explanation
When accountants become more productive through new technology, their demand curve shifts to the right, reflecting a higher demand at every wage level. This is because increased productivity makes accountants more valuable to firms, leading to greater demand rather than just a movement along the demand curve.
More Income Inequality MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes the Benazir Benefit Income Scheme?
- 2.Which category of tax does VAT best represent?
- 3.When a tax can be transferred, what determines the actual burden of the tax?
- 4.What does tax incidence refer to?
- 5.What does a progressive income tax system imply about the tax rate for individuals with higher earnings?