Which of the following could explain a decrease in the demand for labor in a particular job?

a. additional training that increases the productivity of each unit of labor in this market
b. an increase in the amount of risk associated with this job
c. a decrease in the amount of risk associated with this job
d. an improvement in the working conditions associated with this job
e. a decrease in the productivity of each unit of labor in this market


E

Economics

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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward

Economics

When a foreign firm sells its exports at a lower price than its cost of production, the firm is

A) imposing an economies of scale cost. B) dumping. C) avoiding a tariff. D) competing in an infant industry.

Economics

A price ceiling imposed below the equilibrium price ______

A. creates a black market in which the price might equal or exceed the equilibrium price B. creates a black market in which the price equals the price ceiling C. leads to increased search activity, which reduces the shortage of the good D. increases the demand for the good, which makes the shortage even larger

Economics

The law of increasing opportunity cost says that

a. wages increase as employment increases b. interest rates rise as inflation increases c. the cost of increasing employment opportunities increases with specialization d. the more of something we produce, the less expensive it becomes e. the more of something we produce, the greater is the opportunity cost of producing an additional unit

Economics