If the wage rate is fixed at a certain level, the:
A. labor supply curve is horizontal.
B. labor supply is a straight upward sloping line.
C. MP must be constant.
D. labor supply will increase at an increasing rate.
Answer: A
Economics
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A) shifts the supply of labor curve leftward. B) shifts the supply of labor curve rightward. C) leads to a decrease in quantity of labor supplied. D) leads to an increase in quantity of labor supplied.
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Economic development encompasses which of the following measures?
a. Economic growth. b. The political environment. c. Education. d. All of these.
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