An increase in the supply of labor generates

A) increased unemployment.
B) lower wages.
C) an offsetting increase in the demand for labor.
D) a decrease in the quantity demanded of labor.

Answer: B

Economics

You might also like to view...

The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private benefit is

A) zero. B) $14,000. C) $19,000. D) $16,000.

Economics

Adverse selection is a situation in which one party to an economic transaction has less information than the other party

Indicate whether the statement is true or false

Economics