George is a kitchen designer at Home Depot. What might cause George's supply curve of labor to shift to the left?
a. Kitchen prices decrease due to a decrease in the cost of lumber.
b. George wins the lottery.
c. The wage rate George gets increases.
d. The wage rate George gets decreases.
e. George's MRP increases after he takes computer classes.
B
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In the long run (the HO model), immigration will lead to:
a. an increase in the price of both the laborintensive and the capitalintensive goods in the receiving country. b. an increase in the price of the laborintensive good and a decrease in the price of the capitalintensive good in the receiving country. c. a decrease in the price of both the laborintensive and the capitalintensive goods in the receiving country. d. no change in the price of either the laborintensive or the capitalintensive good in the receiving country
After the harvest, some farmhands lose their jobs. They are considered to be
A. Structurally unemployed. B. Cyclically unemployed. C. Frictionally unemployed. D. Seasonally unemployed.