For Any Competitive Labor Market,what Change Would Have to Occur

question 178

Multiple Choice

For any competitive labor market,what change would have to occur to cause the labor supply to decrease and shift the supply curve left?

• A) Number of firms increases
• B) None of these statements is true.
• C) Number of workers increases
• D) Opportunity cost of work increases

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Definitions:

Adequate Sanitation

Access to facilities and services for the safe disposal of human urine and feces, which is crucial for public health and hygiene.

Clean Drinking Water

Water that is safe for human consumption, free from contaminants and harmful substances.

Ecological Footprint

A measure that quantifies the amount of natural resources an individual or population consumes and the waste they generate, compared with the Earth's ability to regenerate those resources and absorb the waste.