Improvements in the productivity of labor will tend to: decrease wages. decrease the supply of labor. increase wages. increase the supply of labor.
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Improvements in the productivity of labor will tend to:
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decrease wages. |
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decrease the supply of labor. |
||
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increase wages. |
||
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increase the supply of labor. |
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- In a competitive labour market, an increase in the demand for labour might be due to an increase in the supply of the product that labour produces. supply of labour. wage rate. supply of the other factors. demand for the product that labour produces.The productivity of labor is defined as the number of hours a worker spends at work. number of hours it takes a worker to produce a unit of output. total output produced by the labor force. output produced by a worker per hour.Jobs where the product or service is "non-essential" yet is in high demand with a limited pool of exceptionally talented workers are likely to have higher wages than jobs where the product or service is "essential." True False
- Many US based companies rely on labor from low-wage countries. Identify a company that uses labor from low-wage countries and discuss at least one region they do business in.Which of the following is likely to increase the supply of labour? a decrease in fringe benefits a relaxation of restrictions on immigration an increase in the value placed on leisure a decrease in the populationIf there is an increase in productivity or an increase in the demand for the final product, what is the impact in the labour market? The labour demand curve will shift left. The labour supply curve will shift left. The labour supply curve will shift right. The labour demand curve will shift right.
- The entry of women into the workforce resulted in: Increase in quantity of labor Increase in labor productivity Increase in quality of labor Technological advancesThe demand for skilled workers in the United States has been increasing. To increase the supply for skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Would you agree or disagree?The maximum number of workers that a firm would hire is
