Which of the Following Is Likely to Lead to a Leftward

question 180

Multiple Choice

Which of the following is likely to lead to a leftward shift in the supply curve of labor to a firm?

• A) The introduction of labor-saving technology
• B) The establishment of a new firm nearby that offers higher wages
• C) An increase in the opportunity cost of leisure
• D) The introduction of labor-complementary technology

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Definitions:

Random Selection

Selection of a sample in such a way that each person in a population has an equal and independent chance of being chosen.

Sampling Methods

Techniques used to select a portion of a population for study, aimed at making inferences about the entire population.

Representative

An individual who acts on behalf of another person(s), typically in a legislative or decision-making capacity.

Ethnographic Study

In-depth study of a culture, which uses a combination of methods including participant observation.