Labor Supply Factors Quiz
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Questions and Answers

What factor is most likely to increase labor supply?

  • Higher unemployment rates
  • Implementation of stricter labor laws
  • International migration (correct)
  • Decreased work hours

    • Which of the following best describes a factor that can affect an individual's decision to supply labor?

  • Preferences about free time and holidays (correct)
  • Opportunities for remote work
  • Advancements in technology
  • Government intervention in wages

    • What aspect is most important for effective active job search?

  • Networking with friends and family
  • Developing a unique resume format
  • Market analysis (correct)
  • Choosing a trendy job title

    • Which of the following would least likely influence an individual's labor supply?

    <p>Personal hobbies</p> Signup and view all the answers

    Realistic self-assessment in the context of job searching refers to what?

    <p>Acknowledging one’s own strengths and weaknesses</p> Signup and view all the answers

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