For any competitive labor market, what change would have to occur to cause the labor supply to decrease and shift the supply curve left?
A. Opportunity cost of work increases
B. None of these statements is true.
C. Number of workers increases
D. Number of firms increases
Answer: A
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Refer to the scenario above. What is the net present value of the investment?
A) -$7,112.36 B) -$5,365.10 C) -$475.31 D) $9,524.19
Which of the following are equilibrium conditions in the simple Keynesian model?
a. Ir = I b. G = T c. S + T = I + G d. Y = C + I + G e. A, c, and d
Which of the following exchange rate systems have a legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate?
a. Gold standard b. Gold exchange standard c. Crawling band d. Horizontal band e. Currency board
Which of the following was a main economic policy goal of the Soviet Union?
A. Deindustrialization B. National self-sufficiency C. Export promotion D. Privatization