Which of the Following Is Likely to Cause an Increase

question 196

Multiple Choice

Which of the following is likely to cause an increase in the wage rate and a fall in the employment level in a country?

• A) A rightward shift in the demand curve for labor, without any change in the supply curve of labor
• B) A leftward shift in the demand curve for labor, without any change in the supply curve of labor
• C) A leftward shift in the supply curve of labor, without any change in the demand curve for labor
• D) A rightward shift in the supply curve of labor, without any change in the demand curve for labor

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Definitions:

Think Locally

The practice of considering the immediate, local environment or community impact of one's actions and decisions.

Act Globally

The strategy or action of considering and addressing issues or conducting operations with a global perspective and implications in mind.

Internationalization

The process of designing products, services, or business practices to appeal to and operate in multiple countries.

Chinese Managers

Managers who operate within the cultural and business environment of China, often facing unique challenges and opportunities specific to the Chinese market.