1 If labor becomes more productive, the demand curve will: a) Remain stationary.
ID: 1142299 • Letter: 1
Question
1 If labor becomes more productive, the demand curve will:
a) Remain stationary.
b) Shift outward.
c)Be indeterminate.
d) Shift inward.
2 If an individual does not have a strong willingness to work more as wages increases, then the supply curve will be:
Vertical
Gently sloped
Horizontal.
Steeply sloped.
3 Increases in the price of the product in the labor market will result in:
Increased wage rates and increased labor days.
Decreased wage rates and decreased labor days.
Decreased wage rates and increased labor days.
Increased wage rates and decreased labor days.
4 In the competitive labor market model, poor health will cause the labor supply curve:
To remain stationary with movement down the supply curve.
To remain stationary with movement up the supply curve.
To shift to the right.
To shift to the left.
5 The prediction of the impact of a labor union in a market is that unions:
Increase wages and restrict employment.
Decrease wages and restrict employment.
Decrease wages and increase employment.
Increase wages and increase employment.
6. A worker that is willing to work more hours will have:
Larger family size
Smaller family size
Worse health
Better health
7. According to the statistics from 2010, which occupation had the highest death rate per 100,000 workers?
Transportation
Law enforcement
Education
Fire department
Construction
1 If labor becomes more productive, the demand curve will:
a) Remain stationary.
b) Shift outward.
c)Be indeterminate.
d) Shift inward.
2 If an individual does not have a strong willingness to work more as wages increases, then the supply curve will be:
Vertical
Gently sloped
Horizontal.
Steeply sloped.
3 Increases in the price of the product in the labor market will result in:
Increased wage rates and increased labor days.
Decreased wage rates and decreased labor days.
Decreased wage rates and increased labor days.
Increased wage rates and decreased labor days.
4 In the competitive labor market model, poor health will cause the labor supply curve:
To remain stationary with movement down the supply curve.
To remain stationary with movement up the supply curve.
To shift to the right.
To shift to the left.
5 The prediction of the impact of a labor union in a market is that unions:
Increase wages and restrict employment.
Decrease wages and restrict employment.
Decrease wages and increase employment.
Increase wages and increase employment.
6. A worker that is willing to work more hours will have:
Larger family size
Smaller family size
Worse health
Better health
7. According to the statistics from 2010, which occupation had the highest death rate per 100,000 workers?
Transportation
Law enforcement
Education
Fire department
Construction
Explanation / Answer
1.
If labor becomes more productive, then it will affect the supply curve and not the demand curve. Hence the demand curve remain stationary.
Hence option a is the correct answer.
2.
If an individual does not have a strong willingness to work more as wages increases, then the supply curve will be vertical line, which shows that there is no change in the labor supply due to wage increase. It means labor supply remains same.
Hence option first is the correct answer.
option first; vertical
3.
Increases in the price of the product in the labor market will result in increase in the wage and labor days also increase. This is because if price increase, then the real income of workers decreases, so they ask for increase in wage, When wage is high, then worker will like to work more at higher wage rate.
Hence option first is the correct answer.
option first: Increased wage rates and increased labor days.
4.
In the competitive labor market model, poor health will cause the labor supply curve shift to the left. This is because if there is poor health of the workers, then they remain absent and so the labor supply curve shifts leftward.
Hence option fourth is the correct answer.
Option fourth; To shift to the left.
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