Which of the Following Can Change the Supply of Labor

question 53

Multiple Choice

Which of the following can change the supply of labor in,say,labor market A?

• A) a change in the wage rate in labor market A.
• B) a change in the wage rate in, say, labor markets B or C.
• C) a positive change in the overall pleasantness of working in labor market A.
• D) a negative change in the working conditions in labor market A.
• E) b, c, and d

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Definitions:

Variance

A statistical measurement of the dispersion of a set of data points, often used to quantify risk.

Investment

Utilizing financial resources with the anticipation of accruing income or profits.

Quarterly Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits on a quarterly basis.