Question 1

Which of the following events would shift a labor supply curve?
(i)immigration of high-skilled workers
(ii)immigration of low-skilled workers
(iii)changes in the number of women willing to work full time

Accepted Answer

The answer of Which of the following events would shift...

Question 2

The labor supply curve shifts when

Accepted Answer

The labor supply curve shifts when workers change the number of hours that they want to work at any given wage. Any other option listed does not directly impact the labor supply curve.

Question 3

Immigration of workers into the United States is often an important source of

Accepted Answer

Immigration of workers into the United States increases the supply of labor, as it adds more workers to the workforce. This can potentially lower wages as there are more people available to work, and employers can pay lower wages as a result. However, it can also lead to an increase in the overall demand for goods and services, as there are more people in the country who need to buy things.

Question 4

Which of the following could increase the labor-supply curve for computer-repair technicians?

Accepted Answer

An increase in immigration would increase the labor supply for all occupations, including computer-repair technicians. This would shift the labor-supply curve for computer-repair technicians to the right, leading to a lower equilibrium wage and a higher quantity of technicians employed. Wages paid to other occupations (such as television-repair technicians) would not directly affect the labor-supply curve for computer-repair technicians. The preference for men to be stay-at-home fathers would affect the labor demand for computer-repair technicians, but not the labor supply.

Question 5

When the wages paid to government economists increase,the labor supply curve for academic economists

Accepted Answer

If the wages paid to government economists increase, it will make the government job more attractive and lure some academic economists to work for the government. This will decrease the supply of academic economists, thus shifting the labor supply curve to the left.

Question 6

Which of the following events would shift the labor supply curve?

Accepted Answer

All of the above events would shift the labor supply curve. 
A) Changes in the number of women willing to work would increase or decrease the supply of labor depending on whether the number of women increased or decreased.
B) Immigration of workers would increase the supply of labor as more workers enter the market.
C) Changing attitudes towards work could increase or decrease the supply of labor depending on whether workers were becoming more or less willing to work.

Question 7

Immigration is an important

Accepted Answer

Immigration can increase the number of workers in a country, thus shifting the labor supply curve to the right. This can affect the equilibrium wage rate and quantity of labor in the market. Therefore, immigration is a source of shifts in labor supply.

Question 8

Which of the following would not shift a market labor supply curve to the right?

Accepted Answer

The answer of Which of the following would not shift...

Question 9

Which of the following is correct?

Accepted Answer

The answer of Which of the following is correct?
...

Question 10

Which of the following would shift a market labor supply curve to the right?

Accepted Answer

An increase in immigration would increase the number of workers available in the labor market, shifting the labor supply curve to the right.

Note: A labor-saving technological change would actually shift the labor demand curve to the left, as it would decrease the demand for labor. Choice A and D are incorrect as they would either have no effect or shift the labor supply curve to the left.

Question 11

Which of the following would shift a market labor supply curve to the left?

Accepted Answer

The answer of Which of the following would shift a...

Question 12

Which of the following could increase the supply of labor in the market for cranberry pickers?
(i)a change in the preferences of women toward full-time work
(ii)an increase in the output price
(iii)an increase in the wages paid to apple pickers
(iv)a decrease in the wages paid to apple pickers

Accepted Answer

(i) is the correct answer because a change in preferences toward full-time work for women would increase the size of the labor force, increasing the supply of labor.
(ii) is incorrect because an increase in output price would increase demand, not supply.
(iii) is incorrect because an increase in wages paid to apple pickers would not have an effect on the supply of labor for cranberry pickers.
(iv) is correct because a decrease in wages paid to apple pickers would make cranberry picking relatively more attractive and increase the supply of labor.

Question 13

Suppose that the wage paid to workers who detassel corn rises.What happens in the market for workers who weed soybean fields,given that workers who detassel corn can easily work weeding soybean fields?

Accepted Answer

Since workers who previously worked in detasseling corn are now able to work in weeding soybean fields as well, the supply of workers in the market for weeding soybean fields increases. This leads to a shift to the right in the supply curve for weeding soybean fields, resulting in a decrease in wages paid to workers in that market.

Question 14

Which of the following is not correct?

Accepted Answer

The answer of Which of the following is not correct?
...

Question 15

What happens to the labor supply curves in both countries when Mexican workers leave Mexico and move to the United States?

Accepted Answer

Mexican workers leaving Mexico and moving to the United States would decrease the labor supply in Mexico as there are fewer workers. At the same time, it would increase the labor supply in the United States as there are now more workers. Therefore, the correct choice is C, which states that labor supply increases in the United States and decreases in Mexico.

Question 16

Which of the following would shift a market labor supply curve to the left?

Accepted Answer

Better employment opportunities in a closely-related job would decrease the labor supply in the original market, as workers would switch to the new job with better opportunities, reducing the available labor supply in the initial market.

Question 17

Which of the following events would lead to an increase in the supply of labor?

Accepted Answer

An increase in immigrant labor would lead to an increase in the supply of labor, as there would be more workers available in the market. Option A is incorrect, as an increase in the price of a firm's product would not necessarily lead to an increase in the supply of labor. Option C is incorrect, as the development of a new labor-augmenting technology would not necessarily lead to an increase in the supply of labor either.

Question 18

In a representative labor market,

Accepted Answer

In a representative labor market, the wage adjusts to balance the supply and demand for labor (option A). Additionally, the wage equals the value of the marginal product of labor (option B). Therefore, both options A and B are correct, making choice D the best answer. Option C is incorrect because an increase in the supply of labor would lead to a decrease in the equilibrium wage, not an increase.

Question 19

Which of the following could decrease the labor-supply curve for teachers?

Accepted Answer

A change in work preferences for men could decrease the labor-supply curve for teachers if more men choose to be stay-at-home fathers and therefore are not available to work as teachers. A decrease in wages (A) would typically increase the labor-supply curve, as fewer people are willing to work for less pay. An increase in immigration (B) could increase the labor-supply curve, as more people are available to work as teachers. A factor that decreases the labor-demand curve (D) would decrease the demand for teachers, but it would not necessarily impact the supply of teachers.

Question 20

What happens to labor supply in the pear-picking market when the wage paid to apple pickers increases?

Accepted Answer

If the wage paid to apple pickers increases, some workers in the pear-picking market may switch to working in the apple-picking market, reducing the labor supply in the pear-picking market. Alternatively, they may demand higher wages to continue working in the pear-picking market, which would also reduce the labor supply. Therefore, the labor supply will decrease.

Quiz 18: The Market For the Factors of Production.

Which of the following events would shift a labor supply curve? (i) immigration of high-skilled workers (ii) immigration of low-skilled workers (iii) changes in the number of women willing to work full time

The labor supply curve shifts when

Immigration of workers into the United States is often an important source of

Which of the following could increase the labor-supply curve for computer-repair technicians?

When the wages paid to government economists increase,the labor supply curve for academic economists

Which of the following events would shift the labor supply curve?

Immigration is an important

Which of the following would not shift a market labor supply curve to the right?

Which of the following is correct?

Which of the following would shift a market labor supply curve to the right?

Which of the following would shift a market labor supply curve to the left?

Which of the following could increase the supply of labor in the market for cranberry pickers? (i) a change in the preferences of women toward full-time work (ii) an increase in the output price (iii) an increase in the wages paid to apple pickers (iv) a decrease in the wages paid to apple pickers

Suppose that the wage paid to workers who detassel corn rises.What happens in the market for workers who weed soybean fields,given that workers who detassel corn can easily work weeding soybean fields?

Which of the following is not correct?

What happens to the labor supply curves in both countries when Mexican workers leave Mexico and move to the United States?

Which of the following would shift a market labor supply curve to the left?

Which of the following events would lead to an increase in the supply of labor?

In a representative labor market,

Which of the following could decrease the labor-supply curve for teachers?

What happens to labor supply in the pear-picking market when the wage paid to apple pickers increases?