Suppose that this graph describes the current labor market for high school teachers:
Why might the supply curve in this market shift to the left?
A. Women enter the workforce in greater numbers
B. More attractive employment opportunities become available in other professions
C. Immigration by families with children increases the need for teachers
D. Distance learning and computer technology replace human teachers
Answer: B
You might also like to view...
Given the scenario described, if the market price of hammers was $12, then total producer surplus would be:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. $7. B. $9. C. $17. D. $30.
What two factors are the keys to determining labor productivity?
A) the business cycle and the growth rate of real GDP B) the growth rate of real GDP and the interest rate C) the level of technology and the quantity of capital per hour worked D) the average level of education of the workforce and the price level
The main sources of cost-push inflation are increases in
A) the money wage rate and the price of raw materials. B) the real wage rate and the price of raw materials. C) the money wage rate and aggregate demand. D) the quantity of money and the real wage rate. E) government expenditure and the quantity of money.
The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when
A) its demand and supply both increase. B) its demand increases and supply decreases. C) its demand decreases and supply increases. D) its demand and supply both decrease.