Which of the Following Could Decrease the Labor-Supply Curve for Teachers

question 376

Multiple Choice

Which of the following could decrease the labor-supply curve for teachers?

• A)a decrease in the wages paid to teachers
• B)an increase in immigration
• C)a change in the work preferences of men, with more of them preferring to be stay-at-home fathers
• D)any factor that would decrease the labor-demand curve

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or disposal, representing what a company can expect to receive.

Replacement Cost

The current cost of replacing an asset with a new one of similar kind and quality.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

Inventory Liquidations

The process of converting a company's inventory into cash, typically at a discount, often used to meet short-term financial needs.