Question: Match each factor with the reason WHY it can affect the DEMAND for labor. You may refer to Table 9.2 of your Skyepack course. Wordbank
Match each factor with the reason WHY it can affect the DEMAND for labor. You may refer to Table 9.2 of your Skyepack course. Wordbank A. demand for output B. education and training C. technology D. number of companies E. government regulations F. price and availability of other inputs Question16. Employers have a greater demand for workers with more knowledge and skills because they are more productive. Answers for question Question17. If customers' demand for a product increases, businesses will need more workers to meet customers' demands. Answers for question Question18. If more companies are producing a good or service, demand for workers in that industry will increase. Answers for question Question19. If resources for producing a good or service become more difficult to get, production will decline, and employers will need fewer workers. Answers for question Question20. Advances in machinery may lower demand for labor by replacing workers or increase demand for workers who can use the new equipment. Answers for question Question21. Federal, state, or local policies may increase a need for workers; for example, the military may need more supplies and equipment
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