Podcast
Questions and Answers
What factor is most likely to increase labor supply?
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?
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?
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?
Which of the following would least likely influence an individual's labor supply?
Realistic self-assessment in the context of job searching refers to what?
Realistic self-assessment in the context of job searching refers to what?
Flashcards
International migration
International migration
The movement of people from one country to another to work.
Mobility of potential workers
Mobility of potential workers
The willingness and ability of workers to relocate for better job prospects.
Wage level
Wage level
The amount of money employers are willing to pay for labor.
Preferences about free time and holidays
Preferences about free time and holidays
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Market analysis
Market analysis
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