Which of the following events can not cause the labor-supply curve to shift?
a. a change in people's attitudes toward work
b. an increase in the price of output
c. a change in workers' alternative opportunities
d. an increase in the rate of immigration
b
Economics
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Economies of scale are created by greater efficiency of capital and by:
a. longer chains of command in management. b. better wages for labor. c. smaller plant sizes. d. increased specialization of labor.
Economics
The crowding-out effect occurs when an expansionary fiscal policy increases the interest rate, decreases investment spending, and weakens fiscal policy.
Answer the following statement true (T) or false (F)
Economics