How will each of the following scenarios impact the market for labour Improvements in education and training raise the general level of productivity Using (Decrease wage rate, increase employment, employment unchanged, shift outwards/to the right, increase wage rate, wage rate unchanged, shift inwards/to the left, decrease employment, curve unchanged movement along the curve). Impact on demand for labour _______ Impact on the supply of labour _______ impact on age rate ________ impact on employment rate. ________

How will each of the following scenarios impact the market for labour Improvements in education and training raise the general level of productivity Using (Decrease wage rate, increase employment, employment unchanged, shift outwards/to the right, increase wage rate, wage rate unchanged, shift inwards/to the left, decrease employment, curve unchanged movement along the curve). Impact on demand for labour ___ Impact on the supply of labour _ impact on age rate impact on employment rate. __

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 3P

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