If a country's working-age population increases and its wealth increases, then the labor supply curve
A) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
B) shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
C) shifts to the left.
D) shifts to the right.
A
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The "no shirking constraint" (NSC) curve never crosses the supply of labor curve, so
A) the market never reaches equilibrium. B) there is always full employment in equilibrium. C) there is always some unemployment in equilibrium. D) the efficiency wage is always lower than the market-clearing wage. E) the gap between the NSC curve and the supply of labor curve equals the difference between the efficiency wage and the market-clearing wage.
The cost of a hospital stay has been going down slowly
a. True b. False Indicate whether the statement is true or false