The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A. labor's supply curve of labor.
B. firm's supply curve for labor.
C. labor's demand curve for jobs.
D. firm's demand curve for labor.
Answer: B
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Which of the following statements is correct?
A. The federal funds rate is derived based on the prime rate. B. The prime rate involves longer, more risky loans than the federal funds rate. C. The federal funds rate is the rate banks charge their most creditworthy customers. D. The discount rate is the rate banks charge one another on overnight loans.
Kylie spends her income of $150 per week on two goods: movies (which cost $5 each) and books (which cost $10 each)
At her current level of consumption, the marginal utility from the last movie consumed is 20 and the marginal utility from the last book consumed is 30 . Is Kylie maximizing her utility? Why or why not? If not, what should Kylie do to achieve a higher level of utility?
When a temporary negative supply shock hits the economy ________
A) the divine coincidence does not always hold B) the divine coincidence holds in the short-run C) the divine coincidence does not hold in the long-run D) all of the above E) none of the above
Which of the following groups was Jefferson most trying to help in setting up the Land Ordinances?
(a) His friends, the land speculators (b) The urban proletariat (c) The small farmers (d) Fellow slave owners