Answer to Question #178654 in Microeconomics for James

Question

  QUESTION 9

Increased levels of productivity within the workforce will cause:

1. Shortages.
2. Surpluses.
3. An increase in the demand for labor.
4. A decrease in the demand for labor.
5. A decrease in the supply of labor.

QUESTION 10

Complying with government regulations:

1. Will definitely increase the demand for labor.
2. Will definitely decrease the demand for labor.
3. Will not affect the demand for labor.
4. Could increase or decrease the demand for labor.
5. Is tasty.

QUESTION 11

The supply curve shows the tradeoff between:

1. Supplying labor and pursuing leisure activities.
2. Supplying labor and working.
3. Demanding labor and working.
4. Demanding labor and pursuing leisure activities.
5. A tractor.

 

QUESTION 12

Why is there a lower supply of Ph.D. mathematicians than of high school math teachers?

1. Because teaching college-level math is more fun.
2. Because teaching high school math is more fun.
3. Because more required education causes lower supply.
4. Because more required education causes higher supply.
5. Because more required education causes lower demand.

Answer 1

Question 9;

3.An increase in the demand for labor.

Question 10;

1.Will definitely increase the demand for labor.

Question 11;

1.Supplying labor and pursuing leisure activities.

Question 12;

Because more required education causes lower supply.