The supply of workers in an industry is influenced by the available working population and the nonmonetary attractiveness of the job.
Answer the following statement true (T) or false (F)
True
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Credit cards are included in
A) the M1 money supply. B) the M2 money supply. C) all of the above. D) none of the above.
Because the labor supply curve for a monopsonist is upward sloping, the monopsonist
A) hires zero units of labor. B) chooses the perfectly competitive quantity of labor. C) must increase the wage to attract more units of labor. D) must take the wage as given by the market.
While production teams are important sources of productivity in business, they can suffer from the ________ problem.
A. free rider B. benchmark C. externality D. reneging
Answer the next question on the basis of the following information about the hypothetical economy of Asland. All figures are in millions.Unemployed7Total population145Employed95Discouraged workers3The labor force in Asland is
A. 105 million. B. 95 million. C. 102 million. D. 145 million.