For any competitive labor market, changes that increase the opportunity cost of work will:
A. increase the labor supply and shift the supply curve right.
B. decrease the labor supply and shift the supply curve right.
C. decrease the labor supply and shift the supply curve left.
D. increase the labor supply and shift the supply curve left.
C. decrease the labor supply and shift the supply curve left.
Economics
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Refer to Figure 11-7. When the output level is 100 units average fixed cost is
A) $10. B) $8. C) $5. D) This cannot be determined from the diagram.
Economics
A union can be viewed as a monopoly seller of a service. What are the three wage and employment strategies the union might use?
What will be an ideal response?
Economics