An increase in the supply of labor to an industry could be caused by

A) higher wages.
B) increased productivity of labor.
C) an increase in job flexibility in the industry.
D) an increase of wages in another industry.

Answer: C

Economics

You might also like to view...

If the Fed lowers the interest rate, then

A) only consumption expenditure decreases. B) only investment decreases. C) both consumption expenditure and investment decrease. D) net exports will increase. E) consumption expenditure decreases and investment increases.

Economics

You own two different energy drink brands with similar elasticities: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", you can only increase your total sales if

a. Prices for "600 minute energy" are increased b. Prices for "600 minute energy" are reduced c. Prices for "600 minute energy" stay constant d. None of the above

Economics