Which of the following statements is true of the market for labor?
A) In the market for labor, the supply curve is always more inelastic than the demand curve.
B) In the market for labor, there is a shortage of labor at the point of intersection of the labor demand and labor supply curves.
C) In the market for labor, there is a surplus of labor at the point of intersection of the labor demand and labor supply curves.
D) In the market for labor, both the equilibrium wage rate and quantity of labor are determined at the point of intersection of the labor demand and labor supply curves.
Question 2
A subsidy is
A) the revenue received from the government to produce a good or service by a public authority.
B) a voucher received by the government from producers of goods and services.
C) a payment that the government makes to private producers of goods and services.
D) a tax imposed on the producers of certain goods or services.
E) a tax imposed on the consumers of certain goods or services.
Many types of edible fungi are grown for the market.
A true albino squirrel. Note the pink eyes.
Apparent and True Orbits of Alpha Centauri.
The proportion of adults 55 to 64 in the labor force in Germany, Italy, and France is low and has ...
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.