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When the Supply of Labor Increases, According to the Specific-Factors

Question 17

Multiple Choice

When the supply of labor increases, according to the specific-factors model, which of the following is likely to happen?


A) The number of workers employed will decrease.
B) The wages for workers will decline.
C) The marginal product of labor increases in all industries.
D) The overall wage in the economy increases in the short run.

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