What Causes the Labor Demand Curve to Shift

question 444

Multiple Choice

What causes the labor demand curve to shift?
(i) changes in productivity
(ii) changes in wages
(iii) changes in output prices

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)All of the above are correct.

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Definitions:

Complementary Skills

Refers to the combination of different abilities, skills, and expertise that team members bring together to achieve common goals effectively and efficiently.

Increased Productivity

An improvement in the efficiency of production, resulting in the ability to produce more output with the same amount of input.

Strategy-Making Mode

The approach taken by an organization to formulate and implement strategies to achieve its goals.

Top Management

Senior-most executives who are responsible for overseeing the strategic direction and operational effectiveness of an entire organization.