Question 1
Which of the following may shift the labor supply curve?
◦ an increase in the wage rate
◦ an increase in the value people place on their time
◦ an increase in the price of the output of the firm
◦ an increase in the corporate tax rate
Question 2
An increase in the productivity of workers shifts the labor ________ curve to the ________.
◦ supply; left
◦ supply; right
◦ demand; right
◦ demand; left