An increase in the supply of labor to an industry could be caused by
A. an increase of wages in another industry.
B. an increase in job flexibility in the industry.
C. higher wages.
D. increased productivity of labor.
Answer: B
You might also like to view...
Producing paper creates pollution. There is no externality in the consumption of paper. The efficient quantity of paper is when the
A) marginal social benefit of paper is equal to zero. B) marginal social cost of the pollution from making paper is equal to zero. C) marginal social benefit of paper is equal to the marginal social cost of paper. D) marginal private cost of the pollution from making paper is equal to zero.
When constructing a production possibility curve for an economy, which of the following is assumed to be constant?
a. The quantity of resources b. The government budget c. The quantity of goods produced d. The price level e. The money supply
For most goods and most people, marginal utility probably
a. continues to increase as larger quantities are purchased. b. plummets after the first few units but soon begins to rise. c. declines as consumption increases. d. is negative after the first unit of a good is purchased. e. is positive and rising for most goods.
The industrial revolution first began in _________.
Fill in the blank(s) with the appropriate word(s).