When Does the Labour Supply Curve Shift

question 122

Multiple Choice

When does the labour supply curve shift

• A)when employers need to hire more people
• B)when employers develop new technology
• C)when workers change the amount they want to work at any given wage
• D)when workers become more productive

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Definitions:

Price Term

A condition in a contract specifying the amount to be paid for the goods or services.

Collateral Promise

A secondary promise that is ancillary (subsidiary) to a principal transaction or primary contractual relationship, such as a promise made by one person to pay the debts of another if the latter fails to perform. A collateral promise normally must be in writing to be enforceable.

Before Marriage

Refers to the period or status of individuals' lives before entering into a legally recognized marital union.

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.