Which of the Following Events Can Cause the Labor-Supply Curve

question 424

Multiple Choice

Which of the following events can cause the labor-supply curve to shift?

• A)an increase in the wage rate
• B)an increase in the price of output
• C)an increase in the rate of immigration
• D)a technological advance

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Definitions:

Uncollectibles

Accounts receivable that a company has determined are unlikely to be collected and writes off as a bad debt expense.

Allowance Method

An accounting technique that anticipates and adjusts for potential future bad debts or credit losses.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may not be collected, reducing the reported amount of receivables.