The quantity of labor demanded depends on the
A) money wage rate not the real wage rate.
B) real wage rate not the money wage rate.
C) price of output not the money wage rate nor the real wage rate.
D) money wage rate AND the real wage rate.
B
Economics
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The nation's supply of productive resources increases if
A) investment is greater than depreciation. B) investment equals depreciation. C) investment is less than depreciation. D) Both answers A and B can be correct. E) None of the above answers is correct because the relationship between investment and depreciation has no bearing on the amount of the nation's productive resources.
Economics
Refer to Figure 4.2. The marginal rate of substitution for economics books with CDs is highest at point:
A. A.
B. B.
C. C.
D. D.
Economics