Which of the following is most likely to affect the supply of labor in any particular industry?
A)the size of the available working population
B)the nonmonetary attractiveness of the job
C)the amount of ability and training necessary to enter the job
D)all of the above

Question

Which of the following is most likely to affect the supply of labor in any particular industry?
A)the size of the available working population 
B)the nonmonetary attractiveness of the job 
C)the amount of ability and training necessary to enter the job 
D)all of the above

Quizplus · Accepted Answer

All of the factors listed in the options (A, B, and C) can affect the supply of labor in a particular industry. The size of the available working population will impact the overall quantity of labor available in the industry. The nonmonetary attractiveness of the job will affect the industry's ability to attract workers. And the amount of ability and training necessary to enter the job will affect the quality of the labor available to the industry. Therefore, all of these factors are likely to affect the supply of labor in any particular industry.

Which of the Following Is Most Likely to Affect the Supply