If We Did Not Have a Map Handy, We Would

question 36

Multiple Choice

If we did not have a map handy, we would deduce that the coordinates 171 E longitude, 12 S latitude are likely

• A) just east of the International Date Line and just north of the equator.
• B) just south of the equator and just east of the prime meridian.
• C) just west of the International Date Line and just south of the equator.
• D) just west of the prime meridian and just south of the equator.
• E) just south of the International Date Line and just east of the equator.

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Definitions:

Surplus of Labor

A surplus of labor occurs when the supply of labor exceeds the demand, resulting in unemployment or underemployment in the market.

Surplus of Labor

A situation where the supply of labor exceeds the demand for it, resulting in unemployment or underemployment.

Downward Pressure

Describes a situation where factors contribute to the decrease in the price of a product or asset.

Wages

Payments made to workers for their labor, usually based on hours worked or output produced, and a fundamental component of employment contracts.