What are the factors that affect the supply curve for labor?
What will be an ideal response?
There are three factors that affect the supply curve for labor. They are as follows:
a) Changes in the population
b) Changes in the tastes of workers
c) Changes in the opportunity cost of workers
Economics
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The contention that tariffs should be imposed to when a foreign government provides financial assistance its producers is
A) a national defense concern. B) the infant industry argument. C) dumping. D) to counter foreign subsidies.
Economics
A monopsonist's marginal factor cost (MFC) curve lies above its supply curve because the firm must:
a. lower the product price to sell more. b. increase the price of its product to sell more. c. decrease the factor price to hire more. d. lower the factor price to hire more. e. none of these.
Economics