Which of the Following Would Not Shift a Market Labor

question 327

Multiple Choice

Which of the following would not shift a market labor supply curve to the right?

• A)a decrease in the wage paid to workers in a competing market
• B)labor-augmenting technology
• C)a change in worker tastes so that workers want to retire later
• D)an increase in immigration

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Definitions:

Perpetuity

A type of annuity that pays an infinite series of cash flows, with the first payment occurring one period from now, indefinitely into the future.

Future Value Factor

A multiplier used to calculate the estimated future value of a current investment or cash flow at a specified rate of return.

Cash Flows

The entire amount of funds transferred into and out of an entity, impacting its liquidity.