Figure 18-8 This Figure Below Shows the Labor Market for Automobile Workers

question 345

Multiple Choice

Figure 18-8
This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D₁ and D₂ are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market.
-Refer to Figure 18-8. Which of the following events would most likely explain the shift of the labor-demand curve from D1 to D2?

• A) The price of automobiles decreased.
• B) A large number of immigrants entered the automobile-worker market.
• C) A technological advance increased the marginal product of automobile workers.
• D) All of the above are correct.

---

Definitions:

Job Insecurity

The fear or risk of losing one's job without the prospect of finding another of equal value.

Career Management

The ongoing process of setting personal career goals, developing strategies for achieving them, and monitoring progress, often with the assistance of employers or professionals.

Inplacement

Reabsorbing excess or inappropriately placed workers into a restructured organization.

Outplacement

Assistance provided by an organization to former employees transitioning to new jobs, often including career counseling, job search assistance, and training.