Since World War II, the Real Wage Has Increased While

question 196

Multiple Choice

Since World War II, the real wage has increased while the employment-to-population ratio has increased. This is consistent with

• A)a rightward shift of the labor supply curve and a movement along the labor demand curve.
• B)a leftward shift of the labor demand curve and a movement along the labor supply curve.
• C)a rightward shift of the labor demand curve and a movement along the labor supply curve.
• D)a leftward shift of the labor supply curve and a movement along the labor demand curve.
• E)both the labor demand and the labor supply curves shifting to the left.

---

Definitions:

Pay-per-view Television

A type of television service by which subscribers can purchase events to view via private telecast.

Free-rider Problem

The free-rider problem occurs when individuals benefit from resources, goods, or services without paying for them, leading to underprovision of those goods or services.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used simultaneously by more than one person without reducing its availability to others.

Free Rider

An individual who benefits from resources, goods, or services without paying for the cost of the benefit.