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:

Horizontal Expansion

A business growth strategy involving the increase of production or the expansion of product lines within the same level of the supply chain.

Vertical Expansion

The growth of a company by acquiring or establishing operations within the same industry but at different stages of the production process.

Skill Variety

Describes the degree to which a job requires a variety of different activities in carrying out the work, involving the use of different skills and talents.

Physical Strength

The measure of an individual's exertion capacity in terms of muscle performance and endurance.