An increase in child care benefits may lead to which of the following?

An increase in labor supply of working mothers.

The unemployment rate is best defined by

% of the workforce that has no job and is looking for a job.

Higher input prices have which of the following effects on the labor market?

They lower the demand for labor

Higher education requirements tend to have which of the following effects on the labor market?

They lower the supply of labor.

An increase in the number of producers increases the supply of a product and also

increases the demand for workers to produce the product.

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ECO211 11.10-12.35 Labor market (INDIVIDUAL)

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Introduction to the market forces of Supply and Demand in Labor markets.

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Questions 10

Answers

1
An increase in child care benefits may lead to which of the following?
An increase in labor demand for working mothers.
A decrease in labor supply of working mothers.
A decrease in labor demand for working mothers.
An increase in labor supply of working mothers.
2
The unemployment rate is best defined by
% of the work force that is working full time.
% of the workforce that has no job and is looking for a job.
% work force that is looking for a job
% of adult pop. that has no job and is looking for a job.
3
Higher input prices have which of the following effects on the labor market?
They lower the supply of labor
They lower the demand for labor
They raise the demand for labor
They raise the supply of labor
4
Higher education requirements tend to have which of the following effects on the labor market?
They raise the supply of labor.
They lower the demand for labor.
They lower the supply of labor.
They raise the demand for labor.
5
Technology can complement labor and therefore can _ the demand for certain types of labor.
decrease
substitute for
increase
have no effect on
6
Minimum wage is an example of a price
shortage
floor
shift
ceiling
7
Immigration tends to affect labor markets in which of the following ways?
increase wages
decrease labor supply
increase labor supply
decrease labor demand
8
Technology can also be a substitute for labor. Which of the following are most vulnerable?
workers with increased productivity
skilled workers
workers who don't adapt
workers who adapt
9
An increase in the number of producers increases the supply of a product and also
decreases the supply of a product
increases the demand for the product
increases the price of a product
increases the demand for workers to produce the product.
10
The demand for labor is a __ because it depends on demand for the product the labor produces.
unpredictable demand
derived demand
determined demand
dependent demand

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