Question 1
The position of the labour supply curve is NOT affected by
◦ time.
◦ current wage rates.
◦ the cost of changing jobs.
◦ the difficulty of changing jobs.
Question 2
The elasticity of supply of labour will be greater when
◦ changing jobs is very difficult.
◦ the cost of changing jobs is very high.
◦ big wage increases are on offer.
◦ more time has passed.