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What industry does China have a labor shortage. Explain
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- What is the difference between work and wages in the USA compared to other countries? What info helps explain the difference?What causes changes in unemployment over the long run?Discuss labor supply and demand. Besides training and education, what are some of the things that have a significant impact on the supply and demand of labor? Explain why you believe they have such an impact. What other factors can directly influence the labor market?
- The government recently imposed a number of regulations on companies that will make it more expensive for companies to hire workers. What consequence will this have on the labor market?discussing factors of production. How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made labor unions such an integral part of the workforce?Which of the is NOT likely to increase the supply of labor? A. A big increase in the school leaving age B. An exponential increase in retirement age C. An increase in the number of migration D. None of the above
- How do wages affect labor supply?Only typed answer The graph shows the labor market for low-skilled labor, DL and SL, and the labor market for high-skilled labor, DH and SH. The value of marginal product of skill is ______ an hour.what are the factors that will lead to an increase in demand for workers in an economy?
- Equilibrium in the labour market depends on the demand for labour and the supply of labour. a. Graphically demonstrate how the supply of labour in the U.S. is affected by the increase in the labour force resulting from Mexican immigrants. Need to explain this graph abit more.QUESTION 4 Which of the following would we expect to cause a change in the demand for labor? a. People decide that having two jobs is better than one b. People decide that not having a job is better than having one c. Change in the technology used to produce goods and services d. Change from the imperial system to the metric systemDiscuss Labor Shortage and Labor Surplus.