Everything Else Remaining Unchanged,what Is Likely to Happen to the Labor

question 164

Essay

Everything else remaining unchanged,what is likely to happen to the labor supply curve of female workers if:
a)the opportunity cost of working outside the home decreases?
b)there is an increase in the wage rate of female workers?

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Definitions:

Outsourcing

The practice of hiring external vendors or companies to perform services or create goods that were traditionally done internally.

Competitive Implications

The potential impacts or consequences that actions of one business can have on its competitors in the market.

Trade Restrictions And Quotas

Measures implemented by governments to control the amount and type of goods that can be imported or exported, affecting international trade.

Political Risk

The risk of losses due to changes in a country's political landscape or government policies that can affect investments or operations.