Which of the Following Will Not Cause the Supply of Labor

question 80

Multiple Choice

Which of the following will not cause the supply of labor curve to shift in the economics professor industry?

• A) a decrease in the wage rate for Ph.D. economists in the banking industry
• B) a decrease in the number of courses a professor must teach
• C) Universities have discovered a way to make professors more productive.
• D) University professors are going to be required to spend more time in their offices.

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Definitions:

Mutual Gain

A situation or outcome where all parties involved in a negotiation or transaction benefit or achieve their objectives.

Objective Criteria

Measurable or observable standards used to evaluate performance, outcomes, or decisions, free from personal biases.

Third Party

An individual or group not directly involved in a transaction or dispute but who may be affected by its outcome or may play a role in its resolution.

Conflicts

A situation where the interests, needs, goals, or values of involved parties interfere with one another.