Which of the Following Events Would Lead to an Increase

question 103

Multiple Choice

Which of the following events would lead to an increase in the supply of labor?

• A)The price of a firm's product increases.
• B)A country experiences an increase in immigrant labor.
• C)The development of a new labor-augmenting technology.
• D)All of the above are correct.

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Definitions:

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for noncompliance.

Networking

The act of building and maintaining professional or social relationships, often to share information, find opportunities, or support one another.

Referent Power

A form of influence based on identification with, attraction to, or respect for the leader.

Expert Power

Expert power is a form of influence based upon the perception of special knowledge, skills, or expertise that an individual possesses.