How will each of the following scenarios impact the market for labour Improvements in education and training raise the general level of productivity. Impact on supply of labour Impact on demand for labour Impact on wage rate Impact on employment level Choose... Choose... Choose... Choose... < <

How will each of the following scenarios impact the market for labour Improvements in education and training raise the general level of productivity. Impact on supply of labour Impact on demand for labour Impact on wage rate Impact on employment level Choose... Choose... Choose... Choose... < <

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please assist. How will each of the following scenarios affect market labour? The options for each question is attached.

How will each of the following scenarios impact the market for labour
Improvements in education and training raise the general level of productivity.
Impact on supply of labour
Impact on demand for labour
Impact on wage rate
Impact on employment level
Choose...
Choose...
Choose...
Choose...

shift inwards / to the left
employment unchanged
increase employment
increase wage rate
shift outwards / to
the right
decrease wage rate
curve unchanged
(movement along the
curve)
wage rate unchanged
decrease employment

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