Consider the labor market for auto workers. Graph and explain how the following events would affect the labor demand curve for these workers. a. Citizens become more concerned about the environment, choosing public transportation over motor vehicles. b. Domestic pressures and governmental policy make it harder for firms to outsource their production to other countries. As the business expands, firms must hire domestically. c. Assembly-line technology improves to the point where only a handful of workers are needed to operate the production system.
Consider the labor market for auto workers. Graph and explain how the following events would affect the labor demand curve for these workers. a. Citizens become more concerned about the environment, choosing public transportation over motor vehicles. b. Domestic pressures and governmental policy make it harder for firms to outsource their production to other countries. As the business expands, firms must hire domestically. c. Assembly-line technology improves to the point where only a handful of workers are needed to operate the production system.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter25: The Supply Of And Demand For Productive Resources
Section: Chapter Questions
Problem 9CQ
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Transcribed Image Text:Question 34
Consider the labor market for auto workers. Graph and explain how the following events would affect the
labor demand curve for these workers.
a. Citizens become more concerned about the environment, choosing public transportation over motor
vehicles.
b. Domestic pressures and governmental policy make it harder for firms to outsource their production to
other countries. As the business expands, firms must hire domestically.
c. Assembly-line technology improves to the point where only a handful of workers are needed to operate
the production system.
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