The relationship between the wage and the quantity of labor that all workers are willing to provide is called:
A. individual labor demand.
B. market labor demand.
C. individual labor supply.
D. market labor supply.
Answer: D
You might also like to view...
Along a linear consumption function,
A) the average propensity to consume rises with income, but the marginal propensity to consume falls with an increase in income. B) the marginal propensity to consume rises with an increase in income. C) the average propensity to consume falls with an increase in income. D) both the average propensity to consume and the marginal propensity to consume rise with an increase in income.
Which one of the following would cause an increase in the supply of cardboard?
A) a decrease in the demand for cardboard B) an increase in the price of cardboard C) an increase in taxes applied to cardboard producers D) an improvement in the technology used to produce cardboard