Which of the following will not cause the supply of labor curve to shift in the economics professor industry?
A) a decrease in the wage rate for Ph.D. economists in the banking industry
B) a decrease in the number of courses a professor must teach
C) Universities have discovered a way to make professors more productive.
D) University professors are going to be required to spend more time in their offices.
Answer: C
You might also like to view...
All of the following are points of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 EXCEPT
A) creating a Consumer Financial Protection Bureau. B) requiring mortgage lenders to review income and credit histories of applicants to ensure they can afford payments. C) imposing tighter restrictions on banks to limit risky investments. D) requiring firms that create mortgage backed securities to keep at least 50 percent of their value as reserves.
After Hurricane Katrina destroyed much of the infrastructure of the United States Gulf Coast,
A) labor became more valuable. B) labor became less valuable because of the capital that had been destroyed. C) labor became less valuable because FEMA's response wasn't timely. D) labor became more valuable because of the rebuilding effort.
Unions are less likely to strike today than in the past because
a. real wages have increased over the last 20 years b. employers are less willing to hire strike breakers c. most workers in the U.S. are already union members d. more workers, both union and nonunion, are willing to cross picket lines e. many high-profile strikes (e.g., Caterpillar) have succeeded in winning job security
If the demand for illegal drugs is inelastic, then a government policy that causes illegal drug price to rise would cause those who support their drug habit by property theft to:
A. increase their theft to pay for their drugs. B. increase their drug dependency. C. reduce their theft to pay for their drugs. D. end their drug dependency.