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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10 10 20 30 40 50 60 Quantity (millions of hours per year) The market for unskilled labor is illustrated in the figure above. The market is in equilibrium and then a minimum wage of $10 per hour is imposed. Unemployment will equal O a. 10 million hours per year. Ob. 20 million hours per year. O c. 30 million hours per year. O d. O hours. Wage rate (dollars per hour)
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3. How changes in the goods market affect the demand for labor In this question, you'll explore the effect of a plentiful crop in Vermont on the price of blueberries in the United States, as well as on the daily wages of blueberry pickers in Florida. Assume that blueberry buyers don't care whether their blueberries come from Vermont or Florida. On the following graph, show the effect the plentiful crop in Vermont has on the market for blueberries in the United States by shifting either the demand curve, the supply curve, or both. PRICE (Dollars per pint) 10 9 8 7 3 2 1 0 Market for Blueberries in the United States Supply Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Millions of pints of blueberries) Demand D Supply (?) Based on the graph for the market for blueberries in the United States, the plentiful crop has caused the price of blueberries in the United States to
Completed 14 out of 20 Submit All Question 7 of 20 Suppose that employment processes change so that more human capital is required for a given task. The for human capital will shift right, and the rate of return will O supply; decrease O demand; decrease O demand; increase O supply; increase Activate Windows 7:29 12/1/2 LAPTOP LOGIN HDM HIGH-DEFINITION MULTIMEDIA INTERF
When high-school and college graduates apply for jobs in the labor markets, a) Job applicants are the "buyers" while employers are the "sellers". b) Job applicants are the "sellers" while employers are the "buyers". c) Job applicants and employers are both "buyers". O d) Job applicants and employers are both "sellers". |) Listen Which of the following is not one of the five fundamental questions that an economy must deal with? a) How will the goods and services be produced? b) Who is to receive the goods and services produced in the economy? c) In what ways will progress be promoted? d) Why should the goods and services be produced?
4. On average, wages in Canada are higher than that of many other countries in the world. What explains the difference? Please use labour demand and supply curves as a guide.
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Answer it properly, Q#3
QUESTION 4 You are given the following data of a labor market for an imaginary economy? Quantity Supplied 6,000 Hourly Wages Quantity Demanded $8 10,000 $10 9,000 7,000 $12 8,000 8,000 $13 7,000 9,000 $15 6,000 10,000 Assume that the government of this economy imposed a minimum wage of $10. As a result O 9,000 people will be employed. O 8,000 people will be employed. O 2,000 people will be unemployed. O zero people will be unemployed.
6. The demand for will decrease in response to an Increase productivity b. better training of all laborers c. a decrease in the supply of labor d. decreased demand in markets for consumer goods and services 7. In a purely competitive market for economic resources, a firm's marginal revenue product curve for a factor could decrease as a result of an increase in the resource's marginal product b. decrease in the demand for the firm's product Cincrease in the prices of all other resource inputs d. decrease in the supply curve for the economic resource 8. Other things being equal. If a once - competitive firm attains a high degree of monopoly power. its resource demand curve will a. become perfectly inelastic b. remains perfectly elastic c. become more elastic d. become more inelastic 9. Other things being the same if the demand for labor is inelastic a decreases in wage rates will result in greater payrolls b. increases in wage rates will result in greater payrolls c. decreases in wage…
If the price of capital decreases and the demand for labour increases then Select one: O A. the scale effect is less than the substitution effect. О в. capital and labour are gross substitutes. the scale effect and substitution effect offset each other, OD. the scale effect is greater than the substitution effect.