what are the factors that will lead to an increase in demand for workers in an economy?

Q: The supply of Labour in the country is determined by?

A: In each and every field of economics the market of labour is in general affected by the market…

Q: How does the amount of unemployment created by an increase in the minimum wage depend on the…

A: The elasticity of labor demand explains the fluctuation in quantity demanded of labor due to change…

Q: What Is the Effect of the Minimum Wage on Employment ?

A: Minimum wage rate is the minimum wage that the employer should pay to the employee.  The minimum…

Q: What would be the predicted impact on the labor market of a decrease in the productivity of labor?…

A: With the decrease in productivity of labor i.e. decrease in total output produced per unit of labor,…

Q: To save money, some fast food chains are now having their customers place their orders at computer…

A: The introduction of the computer kiosks and the people ordering food using those kiosks only will…

Q: Assume the labor market for loggers is perfectly competitive. How would each of the following events…

A: Perfect competitive market refers to the market in which the price remains the same is equal to…

Q: Draw a graph that shows when minimum wage is expected to result in little or no unemployment as long…

A: Firms are not allowed to pay less than the government-mandated minimum wage when the government…

Q: What is the equilibrium wage rate? what is the equilibrium level of employment?

A:

Q: If you were to accept a position in another state, why do you believe it would be important to…

A: The laws that aim to correct the power imbalance between employers and workers within the work…

Q: What industry does China have a labor shortage. Explain

A: China is experiencing a growing labor shortage, putting pressure on the manufacturing sector. While…

Q: What is the rationale behind the labour legislation framework?

A: The expression "labour legislation" is utilized to mean an assortment of regulations that manage the…

Q: Karl Marx argued that an 'Industrial Reserve Army of the Unemployed' would be produced by capitalism…

A: a). There are valid justifications why capitalism produces and reproduces unemployment after some…

Q: What is the impact on the labour market due to a reduction the productivity of workers?

A:

Q: Assume workers in labour market M are qualified to work in an alternative competitive labour market…

A: The labour market, often known as the job market, is concerned with the supply and demand for…

Q: Explain five ways in which a firm might increase its profits by raising the wages it pays?

A: Wages refer to the fixed amount of sum paid to the workers for rendering their services in a firm or…

Q: Why are coal miners paid more than other workerswith similar amounts of education?

A: Wage differential describes the situation where different jobs are paid different wages depending…

Q: Explain four ways in which a firm might increase its profits by raising the wages it pays sentence.

A: Efficiency wage theory depicts that the firm will operate more efficiently if it pays the higher…

Q: Based on the figure below, which movement could be caused by an increase in the wages of oil…

A: There are many factors that shift the supply curve, one of which is cost of production.

Q: What would be the predicted impact on the labor market of a decrease in non-wage income, as well as…

A: A decrease in non - wage income would mean that workers would want to engage more in labor work…

Q: what is the relationship between wages and robbery?

A: Concept: Wages: In economics, wages refers to the price paid to the labor for the services rendered…

Q: ). Union leaders are in better position to bargain for higher wages if demand for labour is

A: To find : When do uniob leaders are in better position to bargain for wages.

Q: If a labour market is in equilibrium and contracts are incomplete: Employers are willing to hire any…

A: In the labor market,bit can be said that some of the contracts are incomplete because not all the…

Q: What claims do advocates of unions make to argue that unions are good for the economy?

A: Labour union refers to a group of an organisation that supports workers benefit and rights through…

Q: One of the following factors shifts the labor demand curve upward (increase labor demand)?

A: When the demand for goods and services produced by the labour increases then the demand for labour…

Q: Who are the key actors in the labor market? What motives do economists typically assign to workers…

A: Labor market is a structure where the commodity supplied in the form of labor is provided by the…

Q: How do wages affect labor supply?

A: The labor is an important factor of production and the wage is the income earned by labor for…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: How do minimum wages affect wages, employment, and unemployment?

A:

Q: automation impact the job market within the next few

A: Automation implies use of machinery to do the manual  labor and undertake the product manufacturing…

Q: To say that a firm is competitive in the labor market is to say that the firm a. has little or no…

A: Answer: Correct option: (b) Explanation: If the firm is competitive in the labor market that means…

Q: Explain labour demand in short with a diagram

A: In economics, demand is the term that is used to define the need/requirement of a product or a…

Q: Why is the short-run demand curve for labor downward sloping?

A: The three most important factors of production- land, labor, and capital are used in the production…

Q: Give three of explanations for how efficiency wages might work.

A: Efficiency wage is the concept which states that a worker increases his productivity with the…

Q: the consumer's hours of work? What does this have to say about what we would observe about the…

A: The individual can spend the time available for two purposes: either work, or use it for leisure.

Q: What is a perfectly competitive labor market?

A: A perfectly competitive market will be one in which the firm have no power to impact the price of…