The Supply of Workers in a Particular Occupation Could Be

question 33

Multiple Choice

The supply of workers in a particular occupation could be relatively large if

• A) training costs are low.
• B) job features are undesirable.
• C) there are few people with the required skills.
• D) there are artificial barriers to enter that profession.

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Definitions:

Interest Rate

The ratio of a loan that represents interest expenses to the borrower, typically articulated as an annual percentage of the loan yet to be repaid.

Selling Price

The price at which an item or service is sold to buyers.

Face Value

The nominal or stated value of a security or coin, as printed or stamped on the face of it, and not necessarily its market value.

Significant Influence

A level of control or impact over decisions, operations, or governance in various contexts, including business, politics, and social settings.