Suppose That a Law Passes That Causes Working Conditions Throughout

question 334

Multiple Choice

Suppose that a law passes that causes working conditions throughout the economy to improve. The labor supply curve should shift _____, and the number of workers available at any given wage rate will _____.

• A) left; decrease
• B) left; increase
• C) right; decrease
• D) right; increase

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Definitions:

Pages

Physical or digital sheets on which written or printed information is displayed; not a standard economic term.

Opportunity Cost

Opportunity cost is the cost of forgoing the next best alternative when making a decision to pursue a certain action.

Painting Room

The process of applying paint to the interior walls of a room, often for decorative or maintenance purposes.

Baking Cakes

The process of preparing cakes by mixing ingredients and cooking them, typically in an oven.