The supply of workers in a particular occupation could be relatively small if:
A. training costs are high.
B. job features are undesirable.
C. there are few people with the required skills.
D. All of these are correct.
Answer: D
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A monopoly firm is producing where its marginal revenue is equal to marginal cost. At this level of output, the firm's price is $3.75 and its average total cost is $4.50 . Is the firm earning a profit? Explain
How could this firm determine whether it should continue to operate in the short run or if it should shut down?
Capital and labor are distinct from productivity in that ________
A) productivity is independent of technology changes B) productivity can only increase over time C) productivity is subject to diminishing returns D) capital and labor are subject to diminishing marginal returns
An increase in real interest rates will lead to an increase in the quantity of loanable funds supplied
a. True b. False Indicate whether the statement is true or false
All students should go on to college.
A. True B. False C. Uncertain