An Increase in the Cost of Training to Acquire a Skill,which

question 160

Multiple Choice

An increase in the cost of training to acquire a skill,which must be paid by the worker,will _____

• A)increase both the supply of and demand for labor in that market.
• B)decrease both the supply of and demand for labor in that market.
• C)increase the supply of labor and decrease the demand for labor in that market.
• D)decrease the supply of labor and increase the demand for labor in that market.
• E)decrease the supply of labor only in that market.

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Definitions:

Fixed Asset

A long-term tangible piece of property or equipment that a company uses in generating income and is not expected to be consumed or converted into cash within a year.

Current Asset

A current asset is any asset likely to be converted into cash within a year during the normal course of a business.

Units-Of-Output Method

A depreciation method where the expense is based on the number of units produced or the machine's hours used, reflecting actual usage.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss in value over time.