If the wage rate increases, there will be a
A. Movement up the labor supply curve to the right.
B. Leftward shift of the labor supply curve.
C. Movement down the labor supply curve to the left.
D. Rightward shift of the labor supply curve.
Answer: A
You might also like to view...
Which category has the highest amount of state and local spending?
a. education b. police c. firefighting d. transportation
To maximize profits, a competitive firm will seek to expand output until
A. Price equals marginal cost. B. The elasticity of demand equals 1. C. Price equals $0. D. Total revenue equals total cost.
Unemployment refers to a situation in which an individual: a. prefers part-time work rather than full-time work
b. has given up looking for a job because he is discouraged about his prospects. c. is looking for a job but is unable to find one. d. is jobless and also not looking for a job.
A good that is excludable but not rival is known as a club good
a. True b. False Indicate whether the statement is true or false