Which of the following will not cause the supply of labor curve to shift in the economics professor industry?
A) a decrease in the wage rate for Ph.D. economists in the banking industry
B) a decrease in the number of courses a professor must teach
C) Universities have discovered a way to make professors more productive.
D) University professors are going to be required to spend more time in their offices.
Answer: C
Economics
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What will be an ideal response?
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The unemployment rate is defined as the
A) number of people not working. B) percentage of the population not working. C) percentage of the labor force not working. D) percentage of the working-age population not working.
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