Question

In: Economics

Given today's fierce global competitive environment, a decrease in mandatory payments by employers to health care...

Given today's fierce global competitive environment, a decrease in mandatory payments by employers to health care companies and providers for overhead health care benefits for workers would lead to an increase in the

Select one:

a. supply of workers

b. the quantity demanded of workers

c. the quantity supplied of workers

d. demand for workers

Solutions

Expert Solution

Correct option is (d).

Decrease in mandatory payments for healthcare and equivalent benefits to workers will decrease the cost of production, so firms will increase output, which will increase their demand for labor.

Rahul Sunny answered 2 years ago
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