Graph Input Tool Market for Labor 16 I Wage (Dollars per hour) 2.00 14 Supply Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) 12 1,400 200 10 Demand 2 200 400 600 800 1000 1200 1400 1600 LABOR (Thousands of workers) Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, union workers will be employed. The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two states are very similar. The initial position of the graph corresponds to the initial labor market condition in the southern state before the labor union negotiated the new, higher wage for workers in the northern state. Suppose that after the wage goes up in the northern state, some workers in the northern state lose their jobs and decide to move to the southern state. WAGE (Dollars per hour) Adjust the graph to show what happens to employment and wages in the southern state. Supply Demand Supply Demand LABOR ion in the state? Check all that apply. Which the following groups are worse off as a result of the union Workers who find new jobs in the southern state O Employers in the northern state The original workers in the southern state All workers in the northern state WAGE
Graph Input Tool Market for Labor 16 I Wage (Dollars per hour) 2.00 14 Supply Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) 12 1,400 200 10 Demand 2 200 400 600 800 1000 1200 1400 1600 LABOR (Thousands of workers) Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, union workers will be employed. The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two states are very similar. The initial position of the graph corresponds to the initial labor market condition in the southern state before the labor union negotiated the new, higher wage for workers in the northern state. Suppose that after the wage goes up in the northern state, some workers in the northern state lose their jobs and decide to move to the southern state. WAGE (Dollars per hour) Adjust the graph to show what happens to employment and wages in the southern state. Supply Demand Supply Demand LABOR ion in the state? Check all that apply. Which the following groups are worse off as a result of the union Workers who find new jobs in the southern state O Employers in the northern state The original workers in the southern state All workers in the northern state WAGE
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Graph Input Tool
Market for Labor
16
I Wage
(Dollars per hour)
2.00
14
Supply
Labor Demanded
(Thousands of
workers)
Labor Supplied
(Thousands of
workers)
12
1,400
200
10
Demand
2
200
400
600
800
1000 1200 1400 1600
LABOR (Thousands of workers)
Enter $10.00 into the box labeled Wage on the previous graph.
Hint: Be sure to pay attention to the units used on the graph.
At the union wage,
union workers will be employed.
The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very
difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two
states are very similar.
The initial position of the graph corresponds to the initial labor market condition in the southern state before the labor union negotiated the new,
higher wage for workers in the northern state.
Suppose that after the wage goes up in the northern state, some workers in the northern state lose their jobs and decide to move to the southern
state.
WAGE (Dollars per hour)
Transcribed Image Text:Adjust the graph to show what happens to employment and wages in the southern state.
Supply
Demand
Supply
Demand
LABOR
ion in the
state? Check all that apply.
Which
the following groups are worse off as a result of the union
Workers who find new jobs in the southern state
O Employers in the northern state
The original workers in the southern state
All workers in the northern state
WAGE
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