If the real wage rises
A) firms will hire less labor. B) firms will hire additional labor.
C) the marginal cost of labor falls. D) the marginal benefit of the worker increases.
A
Economics
You might also like to view...
Which of these statements best represents the law of demand? a. When buyers' tastes for a good increase, they buy more of the good
b. When the size of the consumer population rises, buyers purchase more of most goods. c. When the price of a good decreases, buyers purchase more of the good. d. Changes in preferences lead to changes in demand.
Economics
A person who voluntarily quits his/her job in New York and expects to get a similar job in Los Angeles is an example of:
A. structural unemployment. B. cyclical unemployment. C. durational unemployment. D. frictional unemployment.
Economics