The Market Supply Curve for Labor Curve Is Upward-Sloping Because

question 53

Multiple Choice

The market supply curve for labor curve is upward-sloping because

• A)As the wage rises,most workers want to work fewer hours.
• B)As the wage falls,most workers want to work more hours.
• C)As the wage rises,most workers are willing to work more hours.
• D)For most workers,as the wage rises,the preference for leisure time increases.

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Definitions:

Value Weighted Index

An index in which each constituent is weighted according to its market value, reflecting the performance of the market based on total capitalization.

Share Weighted Index

A stock market index in which each company is weighted according to the total value of its outstanding shares.

Price Weighted Index

A stock market index in which each company's stock influences the index in proportion to its price per share.

Adjustable Rate Mortgage

A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan according to market conditions.