In a perfectly competitive labor market, the labor supply curve facing the firm will be
A) upward sloping.
B) downward sloping.
C) horizontal.
D) vertical.
C
Economics
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Which of the following is a reserve target specified in the FOMC directive?
A) Bank reserves B) Commercial bank capital requirements C) Demand deposits D) The prime rate
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If quantity demanded for rice falls by 4% when price increases 8%, we know that the absolute value of the own-price elasticity of rice is: a. 2.5
b. 0.5. c. 2. d. 0.40.
Economics