The government passes a new law that allows businesses to receive wage subsidies, then: Supply curve for workers will shift to the right Supply curve for workers will shift to the left. Demand curve for workers will shift to the left Demand shift for workers will shift to the right. Both Supply and demand will shift to the right.

The government passes a new law that allows businesses to receive wage subsidies, then: Supply curve for workers will shift to the right Supply curve for workers will shift to the left. Demand curve for workers will shift to the left Demand shift for workers will shift to the right. Both Supply and demand will shift to the right.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 10SQ

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Similar questions

an increase in the minimum wage can be expected to cause: 1-surplus of labor 2-shortage of labor 3-shift in the labor supply curve 4-shift in the labor demand curve Choose the right answer
A wage subsidy will: reduce the number of workers employed. increase the unemployment rate, especially among low-skilled workers. reduce the wages received by workers. increase the number of workers employed.
If the minimum wage is set A. equal to the equilibrium wage, it will create a shortage of labor. B. equal to the equilibrium wage, it will create a surplus of labor. C. below the equilibrium wage, it will create unemployment. D. below the equilibrium wage, it will create a shortage of labor. E. above the equilibrium wage, it will create unemployment.
Wages (prices) for high-skilled labor have continually risen, despite an increase in people with college and advanced degrees. What is the most logical explanation for this? Group of answer choices A)Government has instituted a policy to reward college graduates with higher wages. B)Demand for high-skilled labor has decreased. C)Minimum wage has increased. D)Demand for high-skilled labor has increased.
How does the amount of employment created by an increase in the minimum wage depend on the elasticity of labor demand? Group of answer choices: a. When the minimum wage increases, employment will fall by a greater amount when the demand for labor is more elastic. b. When the demand for labor is more elastic, raising the minimum wage has no impact on employment. c. When the demand for labor is more inelastic, raising the minimum wage has no impact on employment. d. When the minimum wage increases, employment will fall by a greater amount when the demand for labor is more inelastic.
A nonbinding price floor has which of the following consequences? Group of answer choices The quantity demanded will always exceed the quantity supplied. There will be upward pressure on prices until quantity demanded equals quantity supplied. The quantity demanded will always be smaller than the quantity supplied. There are no consequences to a nonbinding price floor. There will be downward pressure on prices until quantity demanded equals quantity supplied.
True or False and explain why. A city that is facing a shortage of teachers announces a plan to provide housing subsidies for its teachers. These subsidies will reduce the cost of living in the city for several hundred teachers. This program will result in an increase in the employment of teachers in the city.
A favorable supply shift for producers will be a shift to A. the left of the supply curve. B. the right of the supply curve. C. both left and right of the supply curve. D. neither left nor right of the supply curve.
when the minimum wage is set above the equilibrium market wage, A. there will be a shortage of labor at the minimum wage B. the unemployment rate will rise C. it will have no effect on the quantity of labor employed D. the unemployment rate will rise
A decrease in the minimum wage contributes to reduce unemployment if the minimum wage is currently above the equilibrium wage. contributes to reduce unemployment if the minimum wage is currently below the equilibrium wage. decreases the quantity of labor demanded but increases the quantity of labor supplied. increases both the quantity demanded and the quantity supplied of labor.
The market equilibrium wage is currently $12 per hour among hairdressers. At that wage, 17,323 hairdressers are currently employed in the state. The state legislature then sets a minimum wage of $11.50 per hour for hairdressers. If there are no changes to either the demand or supply for hairdressers when that minimum wage is imposed, the number of hairdressers employed in the state will be: a. Fewer than 17,323. b. Still 17,323. c. More than 17,323. d. This is a bilateral monopsony so you can’t tell.
The following factors could shift up (or to the left) the total Supply Curve of Labor, leading to a higher wage in equilibrium, EXCEPT: Question 2 options: An increase in the Cost of college education. An increase in the value of leisure. An increase in Unemployment benefits.

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		Supply curve for workers will shift to the right
		Supply curve for workers will shift to the left.
		Demand curve for workers will shift to the left
		Demand shift for workers will shift to the right.
		Both Supply and demand will shift to the right.