If an employer has to raise the wage rate of workers in order to employ more labor, then the marginal labor cost curve of the employer:
A. Lies above the supply curve of labor
B. Is the supply curve of labor that it faces
C. Lies below the supply curve of labor
D. Is a downward-sloping curve
A. Lies above the supply curve of labor
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Of the following, pick the year the U.S. enjoyed a budget surplus
A) 1970 B) 1980 C) 1990 D) 2000 E) 2010
The Gini ratio is a measure of
A) income inequality. B) wealth distribution. C) income distribution. D) income as compared to wealth.
Free trade refers to trade between countries without government restrictions
Indicate whether the statement is true or false
The ________ of the U.S. economy during World War II, with its vast defense spending, ________ of Keynesian macroeconomics
A) continued stagnation, established the supremacy B) continued stagnation, was the demise C) rapid recovery, established the supremacy D) rapid recovery, was the demise