Ask Question
Social StudiesSocial Studies
12 December, 08:58

A reduction in the supply of labor will cause wages to

+1
Answers (1)
  1. 12 December, 09:44
    0
    The correct answer is "increase and employment to increase." A reduction in the supply of labor will cause wages to increase and employment to increase. If the demand for labor remains constant wages will increase.

    As the labor supply is reduced, companies will compete to hire workers for the highest price, thus increasing both wages and employment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A reduction in the supply of labor will cause wages to ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
As a result of the House of Representatives stripping its Speaker of several important powers in 1910-11, power flowed immediately to all of the following except:a. the party caucus b. individual members c. the rules committee d.
Answers (1)
What are the main reasons for having government?
Answers (2)
What factors do officials take into consideration when determining the designation of an inmate name three
Answers (1)
When the due date of a task has been moved up suddenly, you have typically:?
Answers (1)
Which of the following is not a major difference between adult and juvenile court? A) The juvenile court system focuses on rehabilitation while the adult court system focuses on criminality.
Answers (1)
New Questions in Social Studies
Which of these is an example of precipitation? A. A steady drizzle falls in Pittsburgh. B. A puddle dries up in Baton Rouge. C. Clouds form in the sky over San Diego. D. Water flows into streams after a storm in Dallas
Answers (2)
Approximately how many African American children attended school by 1900? A) one hundred thousand B) 3 million C) six hundred thousand D) 1.5 million
Answers (2)
Which of the following has led to the spread of development in many third world countries? A. Consumerism B. Trade C. Industrialization D. Population Growth
Answers (2)
People in the 1700s and the 1800s often wrote journals and letters. (the letter George Washington wrote after he became president is just one example.) why do you think this is true
Answers (1)
During the 1800s what was frequently cited as a justification for U. S. expansionist polices in the clashes with other nations
Answers (1)
Home » Social Studies » A reduction in the supply of labor will cause wages to
Sign Up Forgot Password?