Answer a diff2 topic theclassicalview ofthelabor

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Unformatted text preview: ctivity of workers decreases. The productivity of workers increases. Answer: C Diff: 2 Topic: The Classical View of the Labor Market Skill: Analytic AACSB: Analytic Skills 13) Refer to Figure 14.2. Which of the following can change the equilibrium wage rate from $9 to $15? A) The value B) people put on their leisure time increases. The value of C) what firms produce decreases. The D) productivity of workers decreases. the value of what firms produce increases. Answer: A Diff: 2 Topic: The Classical View of the Labor Market Skill: Analytic AACSB: Analytic Skills 14) Which of the following may shift the labor demand curve? A) an increase in the value of leisure B) a decrease in C) the value of leisure more people D) entering the labor force an increase in the value of output that firms produce Answer: D Diff: 1 Topic: The Classical View of the Labor Market Skill: Conceptual AACSB: Reflective Thinking 15) Which of the following may shift the labor supply curve? A) an increase in worker productivity B) a decrease in C) the value people place on their time an increase in the price of the output of the firm D) an increase in the corporate tax rate Answer: B Diff: 1...
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This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.

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