The demand for labor curve shows the relationship between _________
A. the quantity of labor employed and firms' profits
B. all households' willingness to work and the real wage rate
C. the quantity of labor businesses are willing to hire and the real wage rate
D. the labor force and the real wage rate
C Answer C is the definition of the demand for labor curve.
You might also like to view...
Lisa decided to give up being on the soccer team for piano lessons. Her opportunity cost of pursuing piano lessons is
A) zero, as long as someone other than Lisa pays for the lessons. B) zero, as long as someone other than Lisa paid for her soccer fees and equipment. C) the satisfaction Lisa had enjoyed by being on the soccer team. D) the satisfaction Lisa enjoys by studying the piano. E) both A and B above.
By measuring ________ we can see that the economies of Hong Kong and Singapore are catching up to the economies of North America but that the economies of Central and South America are not
A) inflation per person B) real GDP per person C) the population D) real GDP
Empirical evidence suggests that economies of scale, advertising and image differentiation, and risk spreading all help account for the large-scale production that exists in many sectors of the economy
Indicate whether the statement is true or false
Which of the following would shift the demand curve for new textbooks to the right?
A) A fall in the price of paper used in publishing texts B) A fall in the price of equivalent used textbooks C) An increase in the number of students attending college D) A fall in the price of new textbooks.