Which Event Will NOT Shift the Labor Supply Curve to the Right

question 210

Multiple Choice

Which event will NOT shift the labor supply curve to the right?

• A) an increase in the population
• B) delayed retirement by large portions of senior citizens
• C) an increase in nonwage benefits, such as a new 50% discount on merchandise
• D) a boom in the stock market that increases income from investments

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Definitions:

Opportunities

Refer to situations where individuals or organizations can exploit conditions to achieve goals or positive outcomes.

Efficient

The most efficient employment of resources to attain the intended result while minimizing waste or exertion.

Better Off

A situation where an individual or group is in a more favorable or advantageous position than before.

Economic Efficiency

A condition in which all available resources are utilized in a way that produces the highest combination of quantity and quality of goods and services.