Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 8, Problem 5MCQ
To determine

To identify:

The option that correctly identifies the situation that will happen if China reduces the tax on low-killed workers.

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The government passes a new law that allows businesses to receive wage subsidies, then:     Supply curve for workers will shift to the right     Supply curve for workers will shift to the left.     Demand curve for workers will shift to the left      Demand shift for workers will shift to the right.      Both Supply and demand will shift to the right.
Suppose the number of workers who are allowed to legally immigrate into the country to perform seasonal work has been cut in half. Wages in the affected industries are likely to............ due to a shift of the labor .................curve. a. increase: demand b. decrease : supply c. increase : supply d. decrease: demand
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