Assume That the Vian Company Is Renting Capital and Hiring

question 40

Multiple Choice

Assume that the Vian Company is renting capital and hiring labor such that the bang per buck from each resource is the same. If wages of labor increase, its use of labor _________ and capital _________.

• A) increases; falls
• B) falls; falls
• C) increases; increases
• D) stays the same; falls
• E) falls; increases

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Definitions:

Corporate Boards

Groups of elected individuals who represent shareholders and oversee the activities and strategic direction of a corporation.

Alt-labor Movement

A movement beyond traditional union organizing, involving various worker advocacy groups working to improve labor rights and conditions.

Worker Rights

The entitlements and protections afforded to individuals in their capacity as employees, including fair treatment, safe working conditions, and the right to organize.

Social Movement Unionism

A form of unionism that integrates labor activism with broader social issues, aiming to bring about societal change beyond just workplace improvements.