Which of the following would cause the demand for labor to change?
A. a change in the price of the good produced
B. a change in the cost of living
C. changes in the wage rate
D. movements along the labor demand curve
Answer: A
Economics
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Because Federal Reserve Notes (paper currency) are legal tender,
A) U.S. creditors must accept them in payment of debts. B) U.S. workers must accept them as payment for labor services. C) U.S. firms must accept them as payment for goods and services. D) All of he above are correct.
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According to international trade theory
A) trade is based on absolute advantage. B) comparative advantage is based on absolute advantage. C) every country has a comparative advantage in something. D) less developed countries cannot trade successfully with developed countries.
Economics