Which of the following statements is true?
A) Firms are the demanders in the market for labor as well as the market for consumer goods.
B) Firms are the suppliers in the market for labor as well as the market for consumer goods.
C) Firms are the demanders in the market for labor, whereas they are the suppliers in the market for consumer goods.
D) Firms are the suppliers in the market for labor, whereas they are the demanders in the market for consumer goods.
C
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Economic growth causes the
A) production possibilities curve to shift rightward and the long-run aggregate supply curve to shift rightward. B) production possibilities curve to shift leftward and the long-run aggregate supply curve to shift rightward. C) production possibilities curve to shift rightward and the long-run aggregate supply curve to shift leftward. D) production possibilities curve to shift leftward and the long-run aggregate supply curve to shift leftward.
Since the enactment of the Depository Institutions Deregulation and Monetary Control Act of 1980, the legal reserve requirements set by the Fed apply to all banks, savings and loan associations, and credit unions
Indicate whether the statement is true or false