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.
The oxygen isotope curve illustrates the ratio between 16O and 18O.
Frequency distribution curve: interpatient variability in drug response.
Oxygen-binding curve for myoglobin
Minerals are nonrenewable resources in limited supply
Normal frequency distribution, characterized by a bell-shaped curve
The age-of-onset curve for Huntington disease (HD)