A Leftward Shift in the Labor Supply Curve Will Result

question 48

Multiple Choice

A leftward shift in the labor supply curve will result if:

• A)people begin to value leisure more highly.
• B)people have less nonlabor income.
• C)transit costs to and from work decline.
• D)the population increases.

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Definitions:

Essays

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Calvinist Doctrine

A set of religious principles based on the teachings of John Calvin, emphasizing predestination, the sovereignty of God, and the necessity of grace for salvation.

Predestination

A theological doctrine that asserts all events have been willed by God, particularly regarding the salvation of some and not others.