What is the impact on the labour market due to a religious law which prevents omen from working? Select one: a. labour supply shifts to the right; wage rate decreases and level of employment is higher O b. labour demand shifts to the right; wage rate increases and level of employment is increases OC. labour demand shifts to the left; wage rate decreases and level of employment is decreases O d. labour supply shifts to the left; wage rate increases and level of employment is lower Clear my choice

What is the impact on the labour market due to a religious law which prevents omen from working? Select one: a. labour supply shifts to the right; wage rate decreases and level of employment is higher O b. labour demand shifts to the right; wage rate increases and level of employment is increases OC. labour demand shifts to the left; wage rate decreases and level of employment is decreases O d. labour supply shifts to the left; wage rate increases and level of employment is lower Clear my choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An economy has 95 million people employed and an unemployment rate of 5 percent. There are 1.5 million marginally attached workers and 0.5 million of the marginally attached workers are discouraged. How many people are unemployed? 3 tries left The number unemployed is O A. A. 5.5 million B. 7.5 million O c. C. 5.0 million O D. 6.5 million
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Question 10 The equilibrium wage in a local labor market is $10 per hour. If a minimum wage of $15 per hour is imposed, which of the following will occur? O There will be a decrease in the quantity of labor supplied by households. O There will be an increase in the quantity of labor demanded by firms. O There will be an increase in unemployment. O All of the above will occur.
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The equilibrium wage in a local labor market is $10 per hour. If a minimum wage of $15 per hour is imposed, which of the following will occur? Select one: a. There will be a decrease in the quantity of labor supplied by households. O b. There will be an increase in unemployment. O c. All of these will occur. O d. There will be an increase in the quantity of labor demanded by firms.
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