Q.1.19 Which of the following will NOT shift the market supply of labour curve? (a) A change in the wages of the labourers. (b) A change in migration. (c) A change in the size of the population due to a change in birth or death rates. (d) Trade union action.
Q.1.19 Which of the following will NOT shift the market supply of labour curve? (a) A change in the wages of the labourers. (b) A change in migration. (c) A change in the size of the population due to a change in birth or death rates. (d) Trade union action.
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 14P
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Q.1.19 Which of the following will NOT shift the market supply of labour curve?
(a) A change in the wages of the labourers.
(b) A change in migration.
(c) A change in the size of the population due to a change in birth or death
rates.
(d) Trade union action.
Q.1.20 An upward-sloping labour supply curve illustrates that ceteris paribus;
(a) the quantity of labour supplied and the hours of work per week are
directly related.
(b) the quantity of labour supplied and the price of labour used to produce
output are inversely related.
(c) individuals use higher income to buy back leisure time.
(d) a greater quantity of labour would be supplied at higher wage rates.
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