Sec 18.2 MC The Supply of Labor

Sec 18.2 MC The Supply of Labor

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时间:2019-09-22

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1、1. Thelaborsupplycurveisfundamentallyarepresentationofthetrade-offpeoplefacebetweenwhichofthefollowing? a. workandwages b. workandleisure c. wagesandproductivity d. technologyandwagesANSWER:  bDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.008-Ana

2、lyzethemarketsforthefactorsofproduction.TOPICS:  LaboreconomicsLaborsupplyKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  001.18.2-MC-MANK082. Foraworker,theopportunitycostofanhourofleisure a. risesby$8whenhiswagerisesby$8perhour. b. fallsby$8whenhiswageris

3、esby$8perhour. c. isthesameforacelebritytalk-showhostasitisforateacher. d. isdeterminedbyfactorsthatareunrelatedtohishourlywage.ANSWER:  aDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.304-Identifywhythequantityoflaborsuppliedusuallyincreaseswhent

4、hewageincreases.TOPICS:  EconomicthinkingOpportunitycostKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  002.18.2-MC-MANK083. Fiona'shourlywageincreasesfrom$8to$10.WhichofthefollowingdescribesaconsequenceoftheincreaseinFiona'swage? a. TheopportunitycostofFio

5、na'sleisuretimehasdecreased. b. Fionamaychoosetoworkfewerhoursduetotheincreaseinherwage. c. IfFiona’slaborsupplycurveisupwardsloping,shewillchoosetoworkfewerhours. d. Bothaandbarecorrect.ANSWER:  bDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.008

6、-Analyzethemarketsforthefactorsofproduction.TOPICS:  LaboreconomicsLaborsupplyKEYWORDS:  BLOOM'S:AnalysisCUSTOM ID:  003.18.2-MC-MANK084. Roxanne'shourlywageincreasesfrom$9to$13.WhichofthefollowingdescribesaconsequenceoftheincreaseinRoxanne'swage? a. Th

7、eopportunitycostofRoxanne'sleisuretimehasincreased. b. Roxannemaychoosetoworkfewerhoursduetotheincreaseinherwage. c. IfRoxanne’slaborsupplycurveisupwardsloping,shewillchoosetoworkfewerhours. d. Bothaandbarecorrect.CopyrightCengageLearning.PoweredbyCogne

8、ro.Page 18ANSWER:  dDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.008-Analyzethemarketsforthefactorsofproduction.TOPICS:  LaboreconomicsLaborsupplyKEYWORDS:  BLOOM'S:AnalysisCUSTOM ID:  004.18.2-MC-MANK085. Fiona'shourlywa

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