Answered: Q.1.19 Which of the following will NOT…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 14P

See similar textbooks

Related questions

Question

Q.1.19 Which of the following will NOT shift the market supply of labour curve?

(a) A change in the wages of the labourers.
(b) A change in migration.
(c) A change in the size of the population due to a change in birth or death
rates.
(d) Trade union action.

Q.1.20 An upward-sloping labour supply curve illustrates that ceteris paribus;

(a) the quantity of labour supplied and the hours of work per week are
directly related.
(b) the quantity of labour supplied and the price of labour used to produce
output are inversely related.
(c) individuals use higher income to buy back leisure time.
(d) a greater quantity of labour would be supplied at higher wage rates.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Recommended textbooks for you

Exploring Economics

Economics

ISBN:

9781544336329

Author:

Robert L. Sexton

Publisher:

SAGE Publications, Inc