Solved by verified expert :5)
A decrease in the demand for musicians ________ the number of musicians
employed, and ________ the wages paid to musicians.
A)
increases; increases
B)
increases; decreases
C)
decreases; increases
D)
decreases; decreases
6)
An increase in the supply of musicians ________ the number of musicians
employed, and ________ the wages paid to musicians.
A)
increases; increases
B)
increases; decreases
C)
decreases; increases
D)
decreases; decreases
7)
A decrease in the supply of musicians ________ the number of musicians
employed, and ________ the wages paid to musicians.
A)
increases; increases
B)
increases; decreases
C)
decreases; increases
D)
decreases; decreases
8)
If the price of output increases the labor ________ curve shifts to the
________.
A)
demand; left
B)
demand; right
C)
supply; left
D)
supply; right
9)
If the price of output increases, the equilibrium wage of workers who produce
that output will ________ and ________ workers will be hired.
A)
increase; more
B)
increase; fewer
C)
decrease; more
D)
decrease; fewer
10)
If the price of output decreases the labor ________ curve shifts to the
________.
A)
demand; left
B)
demand; right
C)
supply; left
D)
supply; right
11)
If the price of output decreases, the equilibrium wage of workers who produce
that output will ________ and ________ workers will be hired.
A)
increase; more
B)
increase; fewer
C)
decrease; more
D)
decrease; fewer
12)
If the wage paid to workers increases, the labor demand curve
A)
will not shift.
B)
shifts to the left and fewer workers are hired.
C)
shifts to the right and more workers are hired.
D)
shifts to the right and fewer workers are hired.
13)
A government report that makes working in a particular industry more attractive
to workers will most likely ________ the number of workers hired in that
industry, and ________ the wage paid to those workers.
A)
increase; increase
B)
increase; decrease
C)
decrease; increase
D)
decrease; decrease
14)
A government report that makes working in a particular industry less attractive
to workers will most likely ________ the number of workers hired in that
industry, and ________ the wage paid to those workers.
A)
increase; increase
B)
increase; decrease
C)
decrease; increase
D)
decrease; decrease
