The aggregate demand curve for labor is the
a. vertical summation of the individual firms' demand curves.
b. horizontal summation of the individual firms' demand curves.
c. horizontal summation of all the individual supply curves.
d. vertical summation of the individual firms' supply curves.
B
You might also like to view...
Explain what happens when nations don't trade. In addition, explain what happens after they decide to trade
What will be an ideal response?
In order to avoid the imposition of other types of trade barriers, foreign producers will sometimes agree to limit their exports to a country. What are these types of agreements called?
A) involuntary export restraints B) sanctions C) implicit quotas D) voluntary export restraints
A linear, downward-sloping demand curve has a constant elasticity but a changing slope
a. True b. False Indicate whether the statement is true or false
If a firm offers to pay a worker $10 for each hour of leisure the worker gives up, then the opportunities confronting the worker will be given by the:
A. straight line with a positive slope. B. convex curve from the origin. C. straight line with a negative slope. D. concave curve from the origin.