A Leftward Shift in the Labor Supply Curve Will Result

question 48

Multiple Choice

A leftward shift in the labor supply curve will result if:

• A)people begin to value leisure more highly.
• B)people have less nonlabor income.
• C)transit costs to and from work decline.
• D)the population increases.

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Definitions:

Bone Marrow

A soft, spongy tissue found inside bones that produces blood cells.

Endothelium

The thin layer of cells that lines the interior surface of blood vessels and lymphatic vessels.

Liver

Large, dark red internal organ that produces urea and bile, detoxifies the blood, stores glycogen, and produces the plasma proteins, among other functions.

Bovine Growth Hormone

A hormone naturally produced by cattle's pituitary glands, and its synthetic form is used to increase milk production.