There are a number of reasons why labor supply curves will shift in a particular industry. Which one of the following is NOT one of them?
A) Changes in working conditions in an industry affect the labor supply curve.
B) job flexibility that determines the position of the labor supply curve
C) There is a change in the market wage rate.
D) Taxes on labor affect the labor supply curve.
Answer: C
You might also like to view...
Job rationing occurs if
A) the Lucas wedge is positive. B) the minimum wage is set below the equilibrium wage rate. C) an efficiency wage is set below the equilibrium wage rate. D) the real wage rate is pushed above the equilibrium wage rate. E) a union wage is set below the equilibrium wage rate.
Who is the Basel Committee? Discuss both their involvement in the Concordat as well the role of the Concordat in international banking
What will be an ideal response?
How could Lee be guilty of job-entry discrimination?
a. by paying women less for doing the same job as men b. by intentionally not interviewing white people c. by requiring men to work more overtime hours than women d. by offering incentives to minorities to apply there
Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, the share of subprime loans began its steepest climb ______.
a. about the same time adjustable mortgage rates bottomed-out
b. about three years after adjustable mortgage rates bottomed-out
c. about three years before adjustable mortgage rates bottomed-out
d. about the same time adjustable mortgage rates began to decrease