Which One of the Following Would Be Most Likely to Shift

question 22

Multiple Choice

Which one of the following would be most likely to shift the labor supply curve to the right?

• A)A decrease in the wage rate
• B)A change in the indifference map following deterioration of working conditions
• C)A change in the indifference map following an improvement in working conditions
• D)A significant increase in dividend and interest income

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Definitions:

Suggest Changes

The act of proposing adjustments or modifications to ideas, processes, or behaviors to improve or resolve a situation.

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that is often depicted as a pyramid with physiological needs at the base, ascending through safety, love/belonging, esteem, to self-actualization at the top.

Physiological Needs

The most basic of Maslow’s hierarchy of needs having to do with the satisfaction of physical needs, including food and shelter.

Safety and Security

Basic human needs that involve being free from harm and threat, including protection of one's health and property.