A rightward shift in labor demand decreases the number of workers hired
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Unions tend to: a. shift labor from the union sector to the non-union sector of the economy. b. shift labor from the non-union sector to the union sector of the economy. c. decrease wages in the union sector
d. increase wages in the non-union sector.
in a market economy?
A. Resources are distributed equal across the all possible users. B. resources move to higher valued uses in respond to change in price. C. Resources usage is independent of the price. D. Most resources are distributed by the government. E. All of the above.
What is a barter system? The drawbacks of this system are as follows:
What will be an ideal response?
The demand for a luxury good whose purchase would exhaust a big portion of one's income is:
A. perfectly price inelastic. B. perfectly price elastic. C. relatively price inelastic. D. relatively price elastic.