As the Training Period to Qualify for a Particular Job

question 8

Multiple Choice

As the training period to qualify for a particular job increases:

• A) The labour supply curve will shift to the right.
• B) There will be a movement upwards along the labour supply curve.
• C) The labour supply curve will shift to the left.
• D) There will be a movement downwards along the supply curve.

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Definitions:

Governs Least

A principle often associated with libertarianism, suggesting that the best government is one that exercises minimal intervention in personal lives and the economy.

Government

The organization or system through which a community or nation is governed, responsible for creating and enforcing rules and managing public resources.

Thomas Jefferson

The third President of the United States, a Founding Father recognized for authoring the Declaration of Independence.

Taxation

The process by which governments impose charges on citizens and corporate entities to fund public expenditures and services.