Under Which of the Following Conditions Will the Labour Supply

question 156

Multiple Choice

Under which of the following conditions will the labour supply curve shift to the left?

• A) when, on average, people wait longer before retiring
• B) when nonlabour income increases
• C) other things being equal, when workers are willing to supply more hours of labour each week
• D) when new workers enter the labour market

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Definitions:

Political Power

The ability or capacity to influence or control the behavior of people or the course of events, often exercised by government officials or entities.

Pig Breeding

The practice of selectively mating pigs to improve desirable traits such as size, growth rate, and meat quality.

Infrastructure

In anthropological theory, the economic foundation of a society, including its subsistence practices and the tools and other material equipment used to make a living.