When drawn against the current real wage, the labor demand curve is
A) upward sloping because the marginal product of labor rises with the quantity of labor employed.
B) upward sloping because the marginal product of labor declines with the quantity of labor employed.
C) downward sloping because the marginal product of labor rises with the quantity of labor employed.
D) downward sloping because the marginal product of labor declines with the quantity of labor employed.
D
Economics
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In the above, a positive relationship between price and quantity is shown in
A) Figure A. B) Figure B. C) both Figure A and Figure B. D) neither Figure A nor Figure B.
Economics
In the postwar period, the rate of immigration to the US has
a. continuously increased. b. had periods of increase and decrease. c. tended to fall. d. remained relatively stable.
Economics