Which of the following would cause the equilibrium price of labor to increase?
A) A decrease in the price of the product that labor is helping to produce.
B) The use of a larger stock of capital with the labor force.
C) An increase in the desire for leisure.
D) A more efficient method of combining labor and capital in the production process.
Correct Answer:
Verified
Q59: When making the hiring decision,firms should compare
Q60: Tiger Woods is paid high endorsement fees
Q61: Labor unions are able to maintain _
Q62: When the minimum wage is raised,ceteris paribus:
A)
Q63: An increase in the labor productivity is
Q65: Both wages and employment can increase at
Q66: When people are standing in line for
Q67: Which of the following is true about
Q68: A minimum wage:
A) Is set below the
Q69: The impact on the labor market due
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