Labor Economics 9th Edition By George Borjas All Chapters Original ,

Labor Economics 9th Edition By George Borjas ( All Chapters Original , )

Chapter 1
Student name:__________
1) Which is not a decision made by potential workers in the United States?
A) deciding whether or not to participate in the labor force
B) determining how to divide one's time between work and leisure
C) choosing how much to produce to maximize the firm profit
D) choosing how much education to receive
E) deciding which occupation to pursue
2) Which of the following is not a leading actor in labor markets?
A) consumers
B) firms
C) workers
D) government
E) unions
3) The labor demand curve shows how many workers the firm is willing to hire
A) at any particular time.
B) at a particular amount of labor supplied.
C) at any given wage.
D) into high-skill jobs.
E) when demand for the firm's output is low.
4) An outward shift in the labor demand curve implies that
A) employers are now looking to hire more workers at any given wage.
B) employers are now looking to hire fewer workers if the wage decreases.
C) employers are now looking to hire fewer workers regardless of the wage.
D) demand for the firm's output likely fell.
E) a greater number of workers are now more willing to work at any given wage.