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.
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Stages of labor.
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
An Environmental Kuznets Curve
Construct a Lorenz curve that shows income distribution in this society.