Which of the Following Will Not Shift the Labor Supply

question 209

Multiple Choice

Which of the following will not shift the labor supply curve?

• A)a change in preferences and social norms
• B)changes in wealth
• C)changes in opportunities
• D)a change in the wage rate

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Definitions:

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An economic system characterized by private ownership of the means of production and the creation of goods or services for profit without governmental interference.

Economic System

The set of mechanisms and institutions that resolve the what, how, and for whom questions

Economic Question

A query related to the allocation of scarce resources, choice, and trade-offs, fundamental in understanding and analyzing economic conditions and policy.

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The process of churning cream or milk to create butter, a dairy product consisting of fat and protein.