An increase in the cost of training to acquire a skill, which must be paid by the worker,
A) increases both the supply of and demand for labor in that market
B) decreases both the supply of and demand for labor in that market
C) increases the supply of labor and decreases the demand for labor in that market
D) decreases the supply of labor and increases the demand for labor in that market
E) decreases the supply of labor only in that market
Correct Answer:
Verified
Q83: An increase in labor supply will increase
Q84: Which of the following could explain an
Q85: A stock market crash that reduces the
Q86: Jobs in rural areas generally pay lower
Q87: An increase in the wage rate will
Q89: Other things equal, the supply of labor
Q90: Jobs that pay higher salaries must be
Q91: Who is likely to earn a higher
Q92: The equilibrium wage
A)is the same in all
Q93: The market labor supply curve is the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents