Ceteris paribus,if the cost of daycare increases causing some workers to leave the labor market and stay home with their children:
A) There is movement up the labor supply curve.
B) There is movement down the labor supply curve.
C) The labor supply curve shifts to the right.
D) The labor supply curve shifts to the left.
Correct Answer:
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Q17: All else remaining constant,or "ceteris paribus," for
Q18: The supply curve for labor is upward
Q19: A higher wage rate causes:
A) A shift
Q20: The opportunity cost of working is the:
A)
Q21: The marginal revenue product of labor curve
Q23: If consumers want to increase the wages
Q24: The market supply of labor depends on
Q25: The marginal revenue product curve and marginal
Q26: Which of the following does not affect
Q27: Other things being equal,higher wage rates will:
A)
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