A high demand for labor in one industry will:
A) decrease the number of hours worked in that industry.
B) cause a shortage of workers.
C) attract workers from another industry.
D) cause a surplus of workers.
Correct Answer:
Verified
Q47: When labor supply decreases, the wage is
Q48: When labor supply increases, the wage is
Q49: Why might an individual's labor supply curve
Q50: The market supply curve for labor:
A) slopes
Q51: The market wage for workers is:
I. equal
Q53: An individual's labor supply curve:
A) is always
Q54: Which of the following statements is TRUE?
A)
Q55: A market labor supply curve:
A) is always
Q56: In general, wages are determined:
A) by the
Q57: The market supply of labor is upward
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