Each of the following, except one, would lead to a rightward shift of the labor supply curve in a particular industry. Which is the exception?
a. increased preference for this type of work
b. increases in the demand for the good produced by labor
c. increases in the size of the population
d. reductions in the wage rates offered in alternative labor markets
e. reductions in the costs of acquiring human capital
B
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Marginal analysis involves: a. comparing the total benefits of all actions to the total costs incurred as a result of those actions. b. abstract thinking, which is never actually utilized by consumers when making purchasing decisions. c. holding all other variables constant when isolating the relationship between two variables
d. comparing the additional benefit from an action to the additional cost.
If unemployment is the most significant problem in the economy, which of the following actions would be an appropriate fiscal policy response?
a. decrease taxes b. decrease government purchases c. decrease the federal deficit d. all of the above