Which of the Following Should Not Influence the Supply of Labor

question 27

Multiple Choice

Which of the following should not influence the supply of labor?

• A)Human capital investments in education and training.
• B)A fall in the marginal revenue product of labor.
• C)A decrease in the length of average work weeks.
• D)Changes in social attitudes towards working.
• E)All of the above can affect the supply of labor.

---

Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient global production and trade.

Dumping

The practice of selling a product in a foreign market at a price lower than its domestic market or below its cost of production, often to increase market share or eliminate surplus.

Per Capita GDP

is a measure of the economic output of a country divided by its population, providing an average economic welfare indicator.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.