Which of the following might decrease the supply curve of labor?
A. Elimination of discrimination against blacks.
B. Elimination of discrimination against females.
C. Easing licensing requirements.
D. Increasing discrimination against any group.
Answer: D
You might also like to view...
Price ceilings
A) cause quantity to be higher than in the market equilibrium. B) always increase consumer surplus. C) may decrease consumer surplus if demand is sufficiently elastic. D) may decrease consumer surplus if demand is sufficiently inelastic. E) always decrease consumer surplus.
An external cost is created when you
A) graduate from college. B) buy flowers for your mother on Mother's Day. C) litter on the side of the road. D) buy a sandwich for lunch.
Related to the Economics in Practice on page 102: Frank runs a corner delicatessen and one day decides to raise his prices by 10 percent. Total revenue is likely to ________ at the end of the first month of the higher prices since demand is relatively elastic in the ________ term.
A. rise; long B. rise; short C. fall; long D. fall; short
When a government increases an effective price ceiling for a product
A. the surplus in the market will be reduced. B. the shortage in the market will be reduced. C. the shortage in the market will be increased. D. the surplus in the market will increase.