Sia
Question
Microeconomics
Posted 8 months ago
Which of the following is likely to increase the supply of labor?
Choose 1 answer:
(A) immigration
(B) the price of a good being produced decreases
(C) higher worker productivity
(D) lower wages
(E) increased preference for leisure
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Answer from Sia
Posted 8 months ago
Solution
a
Immigration: Immigration increases the supply of labor as more workers enter the labor market
Answer
(A) immigration
Key Concept
Supply of Labor
Explanation
Immigration increases the supply of labor because it adds more workers to the labor market, thereby increasing the overall labor supply.
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