Which of the following can shift the demand curve for labor to the right?
a. decrease in the price of the good
b. increase in the wage rate
c. decrease in the wage rate
d. decrease in the marginal physical product
e. increase in labor productivity
E
You might also like to view...
A firm that faces a high-demand period followed by a low-demand period must determine all of the following for peak-load pricing except which one?
A) short-term off-peak price B) short-term peak quantity C) long-run capacity D) long-term off-peak quantity
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
A country can actually improve its well-being if it is in a position to impose a non-zero "optimal tariff." Explain what an optimal tariff is, what conditions must be in place to implement an optimal tariff, and how such a tariff will increase national welfare. Assuming a country could impose an optimal tariff, would you suggest it do so? Justify your answer.
What will be an ideal response?
Although one theory of economic development holds that a sizable natural resource base is the key to a? nation's development, this fails to account for the importance of the human? element: The _______ _________ must be capable of using a? country's natural resources.
Fill in the blank(s) with the appropriate word(s).