Which of the Following Events Would Lead to an Increase

question 92

Multiple Choice

Which of the following events would lead to an increase in the supply of labor?

• A)The price of a firm's product increases.
• B)A country experiences an increase in immigrant labor.
• C)The wage rate increases.
• D)All of the above are correct.

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Definitions:

Job Rotation

A practice in which employees are moved between different jobs or tasks to learn new skills, gain exposure to different areas of an organization, and increase engagement and motivation.

Career Opportunities

Prospects for professional growth and development available in one's job or industry.

Tradespeople Workforce

A segment of the workforce specializing in skilled trades, such as carpentry, plumbing, and electrical work, often requiring specialized training and certifications.

Job Rotation Plan

A strategic approach to rotating employees through different roles or positions within an organization to diversify their skills and experience.