QUESTION 13 If a country's working-age population rises and its wealth declines, then the labor supply curve OA shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. OB. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. OC. shifts to the left. O D. shifts to the right. QUESTION 14 If a country's working-age population increases and its wealth increases, then the labor supply curve A shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. B. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. C. shifts to the left. D. shifts to the right.

QUESTION 13 If a country's working-age population rises and its wealth declines, then the labor supply curve OA shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. OB. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. OC. shifts to the left. O D. shifts to the right. QUESTION 14 If a country's working-age population increases and its wealth increases, then the labor supply curve A shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. B. shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. C. shifts to the left. D. shifts to the right.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.3P

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