Suppose There Is a Large Increase in the Number of Workers

question 181

Multiple Choice

Suppose there is a large increase in the number of workers migrating to a particular country. For that particular country, this is likely to

• A)cause a leftward shift of the labor demand curve as the supply of workers increases and firms can pay lower wages.
• B)cause a rightward shift of the labor demand and labor supply curves as more workers are willing to work and firms can pay lower wages.
• C)cause a rightward shift of the labor supply curve as more workers are willing to work at any given wage.
• D)cause a rightward shift of the labor demand curve as the supply of workers increases and firms can pay lower wages.
• E)cause an upward movement along the labor supply curve as more workers are available for work.

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Definitions:

Facility Expenses

Costs associated with the physical locations where business operations occur, including rent, utilities, and maintenance of buildings and equipment.

Press Runs

The total number of copies produced in one operation or batch on a printing press.

Book Set-Ups

The initial steps or arrangements required to prepare books for financial accounting or publishing.

Wages And Salaries

Payments made to employees for their labor, comprised of regular salaries and hourly wages.