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.
On the slopes of Chimborazo, a 6,310 m high volcanic peak in the Andes Mountains of Ecuador, Alexand
Which is TRUE about the alternation of generations cycle that is diagramed above?
A typical ECT sensor temperature versus voltage curve.
Hockey stick” curve
True Dover Sole
Midsagittal section indicating locations of true and false pelves