Suppose There Is a Large Increase in the Number of Workers

question 181

Multiple Choice

Suppose there is a large increase in the number of workers migrating to a particular country. For that particular country, this is likely to

• A)cause a leftward shift of the labor demand curve as the supply of workers increases and firms can pay lower wages.
• B)cause a rightward shift of the labor demand and labor supply curves as more workers are willing to work and firms can pay lower wages.
• C)cause a rightward shift of the labor supply curve as more workers are willing to work at any given wage.
• D)cause a rightward shift of the labor demand curve as the supply of workers increases and firms can pay lower wages.
• E)cause an upward movement along the labor supply curve as more workers are available for work.

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Definitions:

Convergent Thinkers

Individuals who have the ability to give the correct or a single best answer to questions or problems, emphasizing speed, accuracy, and logic, often associated with standardized testing.

Time Management

The process of organizing and planning how to divide one's time between specific activities to optimize efficiency and productivity.

Similar Tasks

Tasks that share common characteristics or objectives, allowing for streamlined processes or methodologies.

Socializing

The activity of mixing socially with others, which can involve conversation, sharing of ideas, and forming relationships.