Suppose That Lawyers Are Hired in Two Industries,A and B

question 28

Multiple Choice

Suppose that lawyers are hired in two industries,A and B.Both industries are in equilibrium with identical labor supply and demand curves.Given other things are unchanged,if the demand for lawyers falls in industry B,the wage rate:

• A)will fall in both industries,while employment will fall in B and increase in A.
• B)as well as employment will fall in both industries.
• C)as well as employment will fall in B,while there will be no change in A.
• D)will stay constant since all participants are price-takers,but employment will fall in A and B.

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Definitions:

Team Evolution

The process through which a team develops over time, often moving through stages of forming, storming, norming, and performing.

Assertive

A communication style characterized by confidence and directness, while still respecting others' rights and feelings.

Orientation

Refers to the introduction and acclimatization process for new employees or members of an organization, covering goals, policies, and procedures.

Problem-Solving Team

A group of individuals assembled to address specific issues or challenges and devise effective solutions.