Question

An increase in non-wage income will, ceteris paribus: Shift the labor demand curve to the right....

An increase in non-wage income will, ceteris paribus:

Shift the labor demand curve to the right.

Shift the labor demand curve to the left.

Shift the labor supply curve to the left.

Shift the labor supply curve to the right.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Option B.

  • An increase in non wage income will, ceteris paribus shift the labour demand curve to the left.
  • A non wage income is also refered to as a non taxable income when a person receives income in the form of pensions, health benefits, child support payments, welfare payments etc.
  • When these Increase in the market, the firms have less incentive to hire more Labour as the employer's have to pay the higher amount of taxes for giving these extra benefits to their employees.
  • This will shift the labour demand curve to the left.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Ceteris paribus, a decrease in the U.S. price level will cause an increase in U.S. exports....
Ceteris paribus, a decrease in the U.S. price level will cause an increase in U.S. exports. an increase in U.S. imports. the aggregate demand curve to shift to the left.
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) Investment decreases. (c) Imports decrease and exports increase. (d) The price level decreases. (e) Consumption increases. (f) Government purchases decrease. Describe whether the following changes cause the long-run aggregate supply curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) The stock of capital in the economy increases. (c)...
According to the law of demand an increase in the price of Pepsi will (ceteris paribus):...
According to the law of demand an increase in the price of Pepsi will (ceteris paribus): A)        increase the quantity demanded of Pepsi. B)        decrease the quantity demanded of Pepsi. C)        increase the demand for Pepsi. D)        decrease the demand for Pepsi. 3 points    QUESTION 7 A change in the demand for beef will most likely be caused by a change in the: A)        price of beef. B)        price of pork. C)        cost of producing beef D)        technology used...
                                    Table#2-Supply for Macabee Coffee Beans
                                    Table#2-Supply for Macabee Coffee Beans Quantity Supplied Per Week (Millions of Bushels)                           Price Per Bushel                              6                                      $3.00                              5                                        2.50                             4                                        2.00                              3                                         1.50                              2                                         1.00                              1                                         0.80 (52)In reference to Table#2 above, assume the price of Macabee’s coffee beans to be $0.90 per bushel. If the price were to increase to $2.40 per bushel, given ceteris paribus, the result would be a (an): (a)Decrease in demand (b)Increase in quantity supplied (c)Increase in supply (d)Any of the above (51)Which of the...
An increase in the price level causes A. the money demand curve to shift to the...
An increase in the price level causes A. the money demand curve to shift to the right. B. the money demand curve to shift to the left. C. a movement up along the money demand curve. D. a movement down along the money demand curve.
1) (10 marks) Which of these factors would shift the labor demand curve out (increase labor...
1) Which of these factors would shift the labor demand curve out (increase labor demand)? a) Decrease in immigration into the United States. b) Increase in immigration into the United States c) Price of output good increases (labor is used to make this output). d) Price of output good decreases (labor is used to make this output). 2) If the marginal revenue product of labor is greater than the wage rate (M RPh > w), what should a profit maximizing...
If we use "ceteris paribus" when plotting a demand curve for the price of canned beans,...
If we use "ceteris paribus" when plotting a demand curve for the price of canned beans, what is assumed to be constant? Select the two correct answers below. Select all that apply: The price of a can of beans. The price of a can of tomatoes. The number of cans of beans supplied. The costs of production of a can of beans. The demand curve for a normal good is sloped _______________. The demand curve for an inferior good is...
24. When demand is infinitely elastic (ceteris paribus), and there is technological advance which shifts the...
24. When demand is infinitely elastic (ceteris paribus), and there is technological advance which shifts the supply curve, we should expect that in this market a. none of the other answers are correct. b. equilibrium quantity declines. c. the supply curve moves leftward. d. the new equilibrium price remains unchanged. 25. The burden of a sales tax will fall most heavily upon the consumers when a. demand has unitary elasticity. b. supply is more elastic. c. demand is more elastic....
A decrease in the expected price level a. will cause the aggregate demand curve to shift...
A decrease in the expected price level a. will cause the aggregate demand curve to shift to the left but an increase in the actual price level does not cause shifting. b. will cause the aggregate demand curve to shift to the right but an increase in the actual price level will not cause shifting. c. will cause the aggregate demand curve to shift to the left and an increase in the actual price level will also cause shifting to...
A new President and Congress increase personal income taxes. -Inflation: (increase/decrease) -Real GDP: (increase/decrease) Which ceteris...
A new President and Congress increase personal income taxes. -Inflation: (increase/decrease) -Real GDP: (increase/decrease) Which ceteris paribus change could have caused the shift?:
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT