The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

Related Mcqs:

If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

A. coal miners must have greater human capital than others B. we have observed a compensating differential C. coal miners must be more attractive than other workers D. we have evidence of discrimination against workers outside the coal mine...

The participation rate in the labour force is affected by ?

A. higher real wages B. lower fixed costs of working C. lower non-labour income D. changes in tastes between leisure and work E. all of the above...

Land will be allocated between competing uses so that ?

A. housing gets priority B. industry gets priority C. farming gets priority D. the equilibrium rental rate equilibrium total demand with supply...

The functional distribution of income shows how national income is divided between ?

A. employees B. the population C. the factors of production D. the working population...

Which of the following explanations of wage differentials is not likely to be true ?

A. Men have more human capital than women B. Employers in competitive markets are bigots C. Men have more job experience than women D. None of the above...