Which of the following events will shift the labor supply curve to the right?
a. More dads leave the work force to spend time raising children.
b. Government benefits for the retired are increased.
c. Relaxed immigration laws allow more workers to come in from abroad.
d. Great new video games are introduced, enhancing the value of leisure.
Answer: c. Relaxed immigration laws allow more workers to come in from abroad.
You might also like to view...
the demand for ethanol is affected by the following factors (pick the best of the choices):
a) the price of corn (an input to ethanol production) b) the number of ethanol plants that produce ethanol c) a change in the technology of ethanol production d) a new regulation mandating increased use of ethanol mixed gasoline e) all of the above
Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces fish and bird reproduction. This causes damage to local fishermen and bird watchers. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen and bird watchers will not suffer any damage. The relevant gains and losses (in thousands of dollars) for the three parties are listed below. WithFilterWithoutFilterGains to Erie$200$400Fisherman$180$50Bird Watchers$130$25If Erie Textiles does not install the filter, there will be a net social ________ of ________ (in thousands of dollars).
A. loss; $35 B. gain; $200 C. loss; $110 D. gain; $75
A perfectly competitive market is one where:
A. each firm controls the price charged for its product by changing the quantity they produce. B. each firm sells at the government mandated price. C. each firm within the market must sell its good at the market price. D. a firm can affect market price by increasing output.
Most economists support the infant-industry argument because it is so easy to implement in practice
a. True b. False Indicate whether the statement is true or false