Which of the Following Shift the Supply of Labor Curve

question 11

Multiple Choice

Which of the following shift the supply of labor curve leftward?
i.an advancement in technology
ii.a decrease in the price of the product that the labor produces
iii.a decrease in the adult population

• A) i and ii
• B) ii and iii
• C) ii only
• D) iii only
• E) i, ii, and iii

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Definitions:

Sale of Inventory

The process of selling the goods that a company manufactures or purchases to sell in the normal course of doing business.

Increase in Long-term Debt

An increase in long-term debt indicates a company has borrowed more funds that are due for repayment beyond the next twelve months.

Acquisition of Fixed Assets

The process of obtaining physical assets that are expected to be used in producing goods or services for a period longer than one fiscal year.

Notes Payable

Short or long-term financial obligations represented by promissory notes that a business owes and has promised to pay by a certain date.