Multiple Choice
Which of the following is most likely to reduce the supply of labor?
A) An increase in population
B) An increase in the value placed on leisure by workers
C) A decrease in the value placed on leisure by workers
D) A decrease in labor productivity
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Existing employees prefer:<br>A) inelastic supplies of labor.<br>B)
Q22: If robotics and factory automation become more
Q23: If the demand for widgets decreases, this
Q24: A reduction in the demand for labor
Q25: The elasticity of labor supply:<br>A) should be
Q27: The supply of labor generally is considered
Q28: The labor demand curve:<br>A) shifts out when
Q29: Discrimination based on institutional factors occurs when:<br>A)
Q30: Efficiency wages are above-market wages that are
Q31: When wages rise:<br>A) the quantity of labor