The demand curve for labor would shift leftward as the result of:
A. an increase in the price of the product labor is producing.
B. a decrease in the productivity of labor.
C. an increase in the price of labor.
D. a decrease in the price of capital, provided the output effect exceeds the substitution effect.
Answer: B
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In the IS-LM model, if interest rates rise while output falls the
a. money supply must have fallen. b. price level must have fallen. c. money supply must have risen. d. level of government spending must have fallen. e. none of the above.
What are the major criticisms of the Lorenz curve?
What will be an ideal response?
Time series data should be stored:
A. with the earliest time period listed as the first observation, and the most recent time period as the last observation. B. with the earliest time period listed as the last observation, and the most recent time period as the first observation. C. with the time period in which the concerned variable takes the highest value listed as the first observation, and the time period in which the concerned variable takes the lowest value as the last observation. D. with the time period in which the concerned variable takes the lowest value listed as the first observation, and the time period in which the concerned variable takes the highest value as the last observation.
A corporation in which all the stock is owned by only a few individuals or companies and is not made available for purchase by the public.
What will be an ideal response?