Figure 18-7 -Refer to Figure 18-7. Which of the Following Would Shift

question 437

Multiple Choice

Figure 18-7
-Refer to Figure 18-7. Which of the following would shift the labor supply curve from S1 to S2?

• A) technological progress
• B) a decrease in the price of the firm's output
• C) a change in workers' attitudes toward the work-leisure tradeoff
• D) an increase in the price of the firm's output

---

Definitions:

Par-value

The nominal or face value of a bond, share of stock, or other financial instrument, representing the value at which it will be redeemed at maturity.

Zero-coupon Bonds

Bonds that do not pay periodic interest and are sold at a discount from their face value; the return comes from the difference between the purchase price and the face value paid at maturity.

Yield To Maturity

The total return expected on a bond if it is held until the date it matures, including all interest payments and the repayment of the principal.