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.
C
You might also like to view...
Which of the following statements is correct?
i. As the economy grows, the opportunity costs of economic growth decrease. ii. Economic growth has no opportunity cost. iii. The opportunity cost of economic growth is current consumption forgone. A) i only B) ii only C) iii only D) i and iii E) i and ii
Economists are:
A) concerned with developing theories and interested in solving problems. B) interested in solving problems but not concerned with developing theories. C) reluctant to predict changes in variables such as prices, employment, and spending. D) always in agreement on the best way to implement policy decisions.
A business buys $5000 worth of resources to produce a good. The business makes 100 units of the good and each of them sells for $65. The amount contributed to GDP by this business is:
A. $1000. B. $1500. C. $6500. D. $5000.
The time it takes for a new economic policy to affect behavior in the economy is
A. a recognition lag. B. an implementation lag. C. a response lag. D. none of the above