The labor supply curve faced by an individual firm in a perfectly competitive market is
A) upward sloping.
B) horizontal.
C) vertical.
D) downward sloping.
B
Economics
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Which of the following pairs of goods has a negative cross-price elasticity?
A) Pens and paper notebooks B) Nokia and Samsung cell phones C) Compact Disks (CDs) and electronic music files D) Motorcycles and typewriters
Economics
A person who refuses an offer of employment in order to keep looking for a better job is counted by the BLS as
A) a discouraged worker. B) a shirker. C) eligible for unemployment compensation. D) not in the labor force. E) unemployed.
Economics