Question : 11) Which of the following shift the supply of labor : 1238895

 

11) Which of the following shift the supply of labor curve leftward?

i.an advancement in technology

ii.a decrease in the price of the product that the labor produces

iii.a decrease in the adult population

A) i and ii

B) ii and iii

C) ii only

D) iii only

E) i, ii, and iii

12) The figure above shows the market supply of labor curve. Which of the following might be the reason the labor supply curve shifted from S0 to S1?

A) an increase in technology

B) a decrease in technology

C) an increase in the number of women in the work force

D) a decrease in the adult population

E) an increase in the wage rate

 

13) The figure above shows the market supply of labor curve. Which of the following might be the reason the labor supply curve shifted from S0 to S1?

A) an increase in technology

B) a decrease in technology

C) a decrease in the number of women in the work force

D) an increase in the adult population

E) an increase in the wage rate

14) Suppose in Chicago, at the going wage rate of $16.00 an hour, the quantity of lifeguards demanded exceeds the quantity supplied by 13,000 lifeguards. As a result,

A) there is a surplus of lifeguards in Chicago.

B) there is a shortage of lifeguards in Chicago.

C) the lifeguard labor market is in equilibrium in Chicago.

D) wage rates will probably fall in this market.

E) the demand for labor of lifeguards in Chicago will decrease.

 

15) A surplus of workers occurs

A) when the wage rate exceeds the equilibrium wage rate.

B) when the wage rate is less than the equilibrium wage rate.

C) at the equilibrium wage rate.

D) whenever there is a shortage of goods.

E) whenever there is a surplus of goods.

 

16) Suppose in Philadelphia the quantity of economists demanded is less than the quantity supplied by 2,000 economists. As a result,

A) there is a shortage of economists in Philadelphia.

B) salaries for economists fall.

C) there is equilibrium in this market.

D) the labor supply curve for economists in Philadelphia is vertical.

E) the labor demand curve for economists in Philadelphia shifts rightward.

17) If the supply of labor increases, then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.

A) rises; increases

B) might rise, fall, or not change; increases

C) rises; might increase, decrease, or not change

D) falls; increases

E) falls; does not change

 

18) If the demand for labor decreases, then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.

A) falls; increases

B) might rise, fall, or not change; increases

C) rises; might increase, decrease, or not change

D) falls; decreases

E) falls; does not change

 

19) If both the demand for labor and the supply of labor increase, then the equilibrium wage rate ________ and the equilibrium quantity of labor ________.

A) rises; increases

B) might rise, fall, or not change; increases

C) rises; might increase, decrease, or not change

D) falls; increases

E) falls; decreases

20) If a union is able to organize workers in a competitive labor market but the union cannot affect the demand for its members’ labor, then the wage rate ________ and the quantity of labor hired ________.

A) rises; increases

B) rises; decreases

C) rises; does not change

D) does not change; increases

E) falls; decreases

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more