If Australia experiences an enormous surge of immigration, we could predict it would _________ the supply of labour and shift the supply curve _____.Question 1Select one:A.Decrease; to the left.B.Decrease; to the right.C.Increase; to the left.D.Increase; to the right.
Question
If Australia experiences an enormous surge of immigration, we could predict it would _________ the supply of labour and shift the supply curve _____.Question 1Select one:A.Decrease; to the left.B.Decrease; to the right.C.Increase; to the left.D.Increase; to the right.
Solution
The correct answer is D. Increase; to the right.
Here's why:
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If Australia experiences an enormous surge of immigration, it means more people are coming into the country.
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These people will need jobs and therefore will become part of the labour force. This increases the total number of people available to work, which is the supply of labour.
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In economic terms, when the supply of something increases, we say that the supply curve shifts to the right. This is because the supply curve is a graphical representation of the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply.
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So, more people in Australia means more potential workers, which increases the supply of labour and shifts the supply curve to the right.
Similar Questions
If more workers leave Australia to seek out better opportunities in another country than new workers arriving into Australia, then this will: a. Shift the short-run aggregate supply curve of Australia to the left. b. Shift the short-run aggregate supply curve of Australia to the right. c. Move the Australian economy down along a stationary short-run aggregate supply curve. d. Move the Australian economy up along a stationary short-run aggregate supply curve.
What is the result if the economy receives an influx of new workers from immigration? a. The economy will move down along the long-run aggregate supply curve. b. The long-run aggregate supply curve will shift to the right. c. The long-run aggregate supply curve will shift to the left. d. The economy will move up along the long-run aggregate supply curve.
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Which of the following events will shift the Short Run Aggregate Supply curve to the left?Choose one answer from the options below.real wages rise.inflation expectations decrease.land costs fall.a fall in interest rates.None of the Above.BackNext
1. Discuss what impact international migration has on Australia?
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