Which of the following statements is true?
A) If the supply of labor exceeds the demand for labor, wage rates tend to rise.
B) There is no voluntary unemployment at the equilibrium wage rate.
C) If the demand for labor exceeds the supply of labor, wage rates tend to fall.
D) Lack of information relating to the job market can lead to unemployment.
D
Economics
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What will be an ideal response?
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Because people prefer name-brand pain-relieving drugs over store-brand pain-relieving drugs, demand curves do not slope downward for pain-relieving drugs
Indicate whether the statement is true or false
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