« previous next »

Author Question: Suppose the demand for labor shifts rightward due to economic growth, but the supply of labor ... (Read 88 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jul 1, 2018
Suppose the demand for labor shifts rightward due to economic growth, but the supply of labor remains unchanged. How does this affect the market outcome under an efficiency wage equilibrium?
 
  A) Efficiency wage and employment are higher
  B) Efficiency wage is lower, employment is higher
  C) Efficiency wage is higher, employment is lower
  D) Efficiency wage and employment are lower

Question 2

Since the 1940s, the demand for labor has expanded equally for both skilled and unskilled workers.
 
  Indicate whether the statement is true or false


elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

F


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Cancer Growth and Metastasis Cancer Growth and Metastasis
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Growth in Cold and Cool Clouds Growth in Cold and Cool Clouds
The Great Spike in World Population Growth The Great Spike in World Population Growth
economic question economic question
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Video: What are the Parts of a Plant Cell?

For a complete list of videos, visit our video library