Suppose the money wage rate rises from ​$40.00 to ​$46.20 an hour and consumer prices rises by 10 percent. What would be the effect in the labor​ market? We would expect​ _______ people to try to find a job and employed people to want to work​ _______ hours.     A. fewer​; shorter   B. more​; longer   C. the same number of​; the same number of   D. fewer​; longer The​ _______ would​ _______.     A. quantity of labor​ supplied; decrease   B. supply of​ labor; decrease   C. quantity of labor​ supplied; increase   D. supply of​ labor;

Matt loses his job as a solar panel installer and cannot find another position with equivalent pay and benefits. As a result, he is still According to economists, which term best describes Matt? a. under employed O b. a discouraged worker O c. unemployed Od out of the labour force

13. Consider this statement: "In the labor market, businesses supply jobs." Explain what is wrong with this statement, in your own words. Give an example of an accurate statement that could replace it.

Based on the graph below, how many workers would the firm hire and at what wage? A. 50 workers at $8 B. 50 workers at $18 C. 80 workers at $8 D. 80 workers at $13 E. 80 workers at $18

Consider the labor market for workers who build boats. For each of the given scenarios, graphically show the effect on the market for boat-builders.

c. Show the effect of each of the following events on the market for labour in the computer tablet manufacturing industry:(i) The government buys tablets for all university students. (ii) More university students graduate in engineering and computer science. (iii) Computer firms build new manufacturing factories. (iv) If the population of the country suddenly grew because of a large immigration, what would you expect to happen to wages? What would happen to the rents earned by the owners of land and capital?