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Would we expect a reduction in the supply of labour to cause?
A. A rise in the level of employment;
B. A fall in the marginal product of labour;
C. An increase in real wages;
D. All of the above.

2007-10-22 00:11:36 · 3 answers · asked by andrea f 1 in Social Science Economics

3 answers

C supply and demand works for labor

A is false because the fewer workers usually means more people not working.
B is false because labor is used for the most productive jobs like all scarce resources.

2007-10-22 01:40:28 · answer #1 · answered by meg 7 · 0 0

I think it's D. All these things could happen.

2007-10-22 07:21:09 · answer #2 · answered by Eric 4 · 0 0

B
b IS NOT ALWAYS TRUE but sometimes we can expect that

2007-10-22 07:26:56 · answer #3 · answered by gayan43 1 · 0 0

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