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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1172664
Introduction to Economics 1 Deneme Sınavı Sorusu #1172664
Which one of the followings can be included in the determinants of labour demand?
Opportunities in Other Labor Markets |
Changes in Tastes of Workers |
Changes in Population |
Tax Policies |
Number of Firms in the Market: |
Yanıt Açıklaması:
There is obviously an inverse relationship between the wage and the quantity of labor demanded. We know this because that is the information we have from individual MRPL curves of the firms. However, the amount of labor demand at a given wage is affected by some other factors as well: Market Price, Technology, Prices of other Factors of Production, Number of Firms in the Market. The answer is E.
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