If government regulations make a certain job less dangerous, then we'd expect that the supply of labor for that job would
a. increase, which by itself would raise the wage for that job.
b. increase, which by itself would reduce the wage for that job.
c. decrease, which by itself would raise the wage for that job.
d. decrease, which by itself would reduce the wage for that job.
b
You might also like to view...
The price of gasoline has risen and the quantity sold has fallen. This was likely caused by
A. a rise in the price of crude oil. B. a seasonal rise in the demand for gasoline. C. use of a new public transit system. D. the discovery of crude oil deposits in South Dakota.
Firms are able to price discriminate
A) when all customers are uninformed about quality differences. B) when no customers are uninformed about quality differences. C) when some customers are uninformed about quality differences. D) when there is full information about quality available to all customers.
Individuals who do harm to others while behaving irresponsibly or negligently would, in most U.S. states, encounter
A. limitation on their civil liability. B. unlimited civil liability. C. total elimination of all civil liability. D. free public provision of a competent defense attorney.
Refer to the four graphs above. Select the graph that best shows the changes in demand and supply in the market specified in the following situation: the market for corn, if gasoline producers use more ethanol from corn and good weather during the growing season yields a bumper harvest.
What will be an ideal response?