The wage rate. is the price of a unit of labor. What happens to the supply of labor if the wage rate increases?
A. It increases.
B. It decreases.
C. It does not change.
D. Uncertain-economic theory has no answer to this question.
Answer: C
Economics
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Too much of society's scarce resources are used to produce goods in monopoly markets
a. True b. False Indicate whether the statement is true or false
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