Which of the following variables will not cause the market supply curve of labor to shift?

A) a change in the labor participation rate of women
B) an increase in the number of people between the ages of 16 and 65
C) increases in population
D) a favorable change in consumer tastes


D

Economics

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The demand curve in the perfectly competitive industry

A. is identical to the firm’s demand curve. B. negatively sloped. C. positively sloped. D. perfectly elastic.

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If you believe that the inflation rate is likely to be high over the next ten years, you would want to

a. have a pension with raises indexed to the CPI if you were going to be retiring b. obtain a variable rate mortgage c. not obtain any fixed rate consumer loans d. pay off all of your existing fixed rate loans e. be a shareholder of a bank because their profits are going to increase dramatically

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What is the difference between explicit costs and implicit costs? Explain your answer using examples

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Lower levels of education and training are often associated with low levels of

A. production. B. productivity. C. inflation. D. both a and b.

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