All else constant,the quantity of labor supplied is inversely related to the amount of training required for a job.

Question

Quizplus · Accepted Answer

This statement is true. Generally, the more complex a job is and the more training required, the fewer people will be qualified and willing to do the job, thus reducing the quantity of labor supplied. Conversely, if a job requires little or no training, there will likely be a larger pool of potential workers, increasing the quantity of labor supplied.

All Else Constant,the Quantity of Labor Supplied Is Inversely Related