This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is likely to cause an increase in the wage rate and a fall in the employment ... (Read 73 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
Which of the following is likely to cause an increase in the wage rate and a fall in the employment level in a country?
 
  A) A right shift in the demand curve for labor, without any change in the supply curve for labor
  B) A left shift in the demand curve for labor, without any change in the supply curve for labor
  C) A right shift in the supply curve for labor, without any change in the demand curve for labor
  D) A left shift in the supply curve for labor, without any change in the demand curve for labor

Question 2

A substitution effect of a price change is represented by:
 
  A) movement along the same indifference curve.
  B) movement to a different indifference curve.
  C) a change in the initial budget line to a new budget line.
  D) a change in the slope of the initial budget line.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


123654777

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
:D TYSM

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Cyanide works by making the human body unable to use oxygen.

A Glitch Interrupts the Vela Pulsar’s Spindown Rate A Glitch Interrupts the Vela Pulsar’s Spindown Rate
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Advection of an air mass with a different ELR (environmental lapse rate). Advection of an air mass with a different ELR (environmental lapse rate).
Fertility, Mortality, and the Net Rate of Reproduction in Sweden Fertility, Mortality, and the Net Rate of Reproduction in Sweden
The Rise and Fall of Separation Anxiety The Rise and Fall of Separation Anxiety
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library