If a significant tax reduction was offered to families that homeschool their children, we would most likely see a O A. rightward shift in the labor demand curve. O B. leftward shift in the labor demand curve. OC. leftward shift in the labor supply curve. OD. rightward shift in the labor supply curve.

Suppose demand for labor is given by the equation Pp = 25 - 2Qp and supply for labor is given by the equation Ps = 5 + 2Qs. Price is the hourly wage rate in dollars and quantity measures the number of workers. Imposing a minimum wage of $17 by government will O create a labor surplus of 2 and firms will hire 5 workers. O create unemployment of 0 and firms will hire 4 workers. create a labor shortage of 0 and firms will hire 5 workers. O create unemployment of 2 and firms will hire 4 workers. 42. ans 20 MacBook Air 30 F3 esc F1 F2 F4 F5 $ % 4 6. Q W E R Y tab A S D F G ps lock # 3

Consider a factory that produces iPhones. This factory relies on both employees (labor) and machines (capital). Which of the following would decrease the demand forlabor?O a. Public taste shifts away from iPhones towards AndroidsO b. The price of capital falls and labor is easily substituted for capital.O c. The factory has trouble hiring competent workers (workers become less productive).O d. (b) and (a)O e. all of the above

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