Which of the Following Is True of a Labor Market

question 3

Multiple Choice

Which of the following is true of a labor market?

• A)Firms supply labor and workers demand labor.
• B)Both firms and workers demand labor.
• C)Both firms and workers supply labor.
• D)Firms demand labor and workers supply labor.
• E)Neither firms nor workers demand labor.

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Definitions:

Cayenne Pepper

A hot chili pepper used to flavor dishes, commonly ground into a powder and used as a spice.

Chili Cook-off

A competitive event where participants cook chili recipes and are judged to determine the best tasting chili.

Teaspoons

A small measuring spoon used primarily in cooking and baking to measure an amount of an ingredient, typically equal to about 5 milliliters.

Fractions

Mathematical expressions representing the division of one quantity by another, indicating a part of a whole.