Which of the following is TRUE regarding the labor market?
I. The labor supply curve slopes upward because firms maximize profits as they hire more workers.
II. If the real wage rate falls, the quantity of labor firms demand increases.
III. The demand for labor curve slopes downward because as the real wage rate falls, workers demand to work fewer hours.
A) I and II
B) I and III
C) II only
D) I, II and III
Question 2
As the value of U.S. exports ________, the quantity of ________ demanded increases.
A) increases; foreign currencies
B) increases; dollars
C) decreases; dollars
D) None of the above is correct because the value of U.S. exports has nothing to do with the quantity of dollars or foreign currency demanded.
Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Titration curve for aspartic acid
Hockey stick” curve
The Oxyhemoglobin Dissociation Curve