Other Things Equal, When the Supply of Workers Is Scarce

question 19

Multiple Choice

Other things equal, when the supply of workers is scarce, one would predict that market wages would be

• A) relatively high.
• B) relatively low.
• C) determined solely by factors that affect demand.
• D) determined outside the domain of economic theory.

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Definitions:

Nile River

The longest river in Africa, flowing north through northeastern Africa to drain into the Mediterranean Sea.

Mediterranean Sea

An almost entirely land-enclosed sea that connects to the Atlantic Ocean, bordered by the Mediterranean region.

Delta

A delta is a landform at the mouth of a river where it spreads out into several branches before entering a larger body of water, typically formed from sediment deposition.

Tectonics

The branch of geology concerned with the structure and motion of the Earth's crust and large scale structural features such as mountains and ocean basins.