If the Number of Available Workers of a Particular Type

question 51

Multiple Choice

If the number of available workers of a particular type increases,which of the following shifts should occur in the labor market for the particular type of labor?

• A)Demand for labor should shift to the left.
• B)Supply of labor should shift to the left.
• C)Demand for labor should shift to the right.
• D)Supply of labor should shift to the right.

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Definitions:

Utility

the total satisfaction or benefit derived from consuming a good or service.

Individual's Intelligence

A measure of a person's cognitive capabilities, including the ability to learn, understand, and apply knowledge.

Executive Control Processes

The cognitive processes that regulate an individual's ability to organize thoughts, actions, and emotions to achieve goals.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.