me: 31. As the wage rate increases, the quantity supplied of labor in a market w
ID: 1165089 • Letter: M
Question
me: 31. As the wage rate increases, the quantity supplied of labor in a market will: a. invariably increase b. invariably decrease c. first increase and then decrease. d. first decrease and then increase. e. remain constant. 32. The labor market is in equilibrium when: a. the demand curve lies above the supply curve. b. c. d. e. both demand and supply curves are positively sloped. both demand and supply curves are negatively sloped. the demand curve intersects the supply curve. the demand curve is negatively sloped but the supply curve is positively sloped. 33. The term compensating wage differential refers to: a. the bargaining capacity of a monoposonist in the labor market. b. wage differences that arise from differences in the risk involved in different jobs c. whether or not a firm offers a 401K plan to all its employees or just some employees d. wage differences that arise from difference in productivity of the workers in a firm. e. the negotiating powers of the trade union. 34. Which of the following refers to human capital? a. b. c. d. e. Money spent by business to acquire labor The acquired skill and productivity of workers The plant and equipment used with labor Money spent on education. Money that workers save 35. Investment in human capital implies: a. b. c. d. e. investment on machines, technological development, and equipments. expenses on education. expenses on paying interest for hiring real capital. expenses related to the purchase of land. profit of the entrepreneurs.Explanation / Answer
31. As the wage rate increases, the quantity supplied of labour in a market will invariably increase. So the correct option is A.
32. The labour market is in equilibrium when the demand curve intersects the supply curve. So the correct option is d.
33. The term compensating wage differential refers to wage differences that arises from differences in the risk involved in different jobs. So the correct option is B.
34. Money spent on education refers to Human Capital. So the correct option is D.
For rest questions, upload them in a batch of 4 questions.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.