Examlex

Solved

The Figure Above Shows the U

question 78

Multiple Choice

  The figure above shows the U.S. supply of labor curve. - What was the affect of the decline in birth rates during the 1960s and 1970s on the supply of labor curve in the 1980s ? A) a movement downward along the supply of labor curve from a point such as A to a point such as B B) a leftward shift of the supply of labor curve C) a rightward shift of the supply of labor curve D) The supply of labor curve became steeper. E) None of the above answers is correct because there was no change in the supply of labor curve.
The figure above shows the U.S. supply of labor curve.
- What was the affect of the decline in birth rates during the 1960s and 1970s on the supply of labor curve in the 1980s ?


Definitions:

Concert Tickets

Access passes purchased by individuals to attend live performances of music or other entertainment events.

Cab Rides

The service provided by taxis or ride-sharing vehicles, offering transportation for passengers from one location to another.

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility given their budget constraints.

Marginal Utility

The further benefit or pleasure derived by consuming an additional unit of a given good or service.

Related Questions