Question : 31) Which of the following likely to cause an outward : 1377470

31) Which of the following is likely to cause an outward shift in the supply curve of labor?

A) An increase in the population

B) A decrease in the population

C) An increase in the price of the final good that the workers produce

D) A decrease in the price of the final good that the labor is used to produce

32) Which of the following does NOT cause a shift in the supply curve of labor in an industry?

A) Worker tastes and preferences

B) Population of the concerned region

C) Opportunity costs faced by the workers

D) Price of the final good that the labor is used to produce

33) Everything else remaining unchanged, which of the following is likely to happen if all housewives in an economy start working as paid labor?

A) There will be a fall in both the wage rate and the employment level.

B) There will be an increase in both the wage rate and the employment level.

C) There will be an increase in the wage rate in the country and a fall in employment level.

D) There will be a fall in the wage rate in the country and an increase in employment level.

34) Ceteris paribus, which of the following is likely to cause an inward shift in the supply curve of labor?

A) A decrease in population

B) An increase in population

C) A decrease in the demand for the final product that the labor is used to produce

D) An increase in the demand for the final product that the labor is used to produce

35) Which of the following is likely to cause an increase in the wage rate and a fall in the employment level in a country?

A) An outward shift in the demand curve of labor, without any change in the supply curve of labor

B) An inward shift in the demand curve of labor, without any change in the supply curve of labor

C) An outward shift in the supply curve of labor, without any change in the demand curve of labor

D) An inward shift in the supply curve of labor, without any change in the demand curve of labor

36) Which of the following is likely to cause a decrease in the wage rate and an increase in the employment level of a country?

A) An inward shift in the demand curve of labor, without any change in the supply curve of labor

B) An inward shift in the supply curve of labor, without any change in the demand curve of labor

C) An outward shift in the supply curve of labor, without any change in the demand curve of labor

D) An outward shift in the demand curve of labor, without any change in the supply curve of labor

37) Which of the following is likely to lead to an outward shift in the supply curve of labor in an industry?

A) Introduction of labor-saving technology

B) A decrease in the opportunity cost of leisure

C) An increase in the number of immigrants from foreign countries

D) Introduction of labor-complementary technology

38) Which of the following is likely to lead to an inward shift in the supply curve of labor to a firm?

A) Introduction of labor-saving technology

B) Establishment of a new firm nearby that offers higher wages

C) An increase in the opportunity cost of leisure

D) Introduction of labor-complementary technology

39) Which of the following is likely to cause a fall in wage rate and increase in the number of workers hired in a local cotton mill?

A) A reduction in wage paid in a nearby jute mill

B) Introduction of labor-saving technology in the mill

C) Introduction of labor-complementary technology in the mill

D) A decrease in the population of the region in which the cotton mill is located

40) Which of the following is likely to cause a rise in wage rate and a decrease in the number of workers hired in a garage?

A) Shut-down of a nearby garage

B) A decrease in the price of the services provided by the garage

C) An increase in the price of the services provided by the garage

D) Opening up of a new garage nearby which offers higher wages to its workers