If there is a decrease in the price of the final good that an industry produces, the labor demand curve in the industry is likely to:
A) shift to the left.
B) shift to the right.
C) become vertical.
D) become horizontal.
A
You might also like to view...
Refer to the accompanying figure. An increase in supply is represented by a shift from:
A. curve C to curve D. B. curve B to curve A. C. curve A to curve B. D. curve C to curve B.
When Skippy the sailor forgets how to tie a slip knot his:
A. human capital decreases. B. human capital is unaffected. C. human capital increases. D. None of these is true.
All of the following are tools available to the Fed for controlling the money supply except
A. The discount rate. B. Open market operations. C. The reserve requirement. D. Taxes.
Under the Marshall Plan (1948–51), the U.S. granted resources to and transfused U.S. dollars into European countries devastated by World War II. In return, the U.S
requested coordinated plans of European recovery that promoted efficient and effective production in private markets with minimal government interference. Indicate whether the statement is true or false