Which of the Following Is True

question 79

Multiple Choice

Which of the following is true?

• A) The market demand for labor is the horizontal "addition" of the firms' demand curves for labor.
• B) The elasticity of demand for labor is the percentage change in quantity demanded of labor divided by the percentage change in wage rate.
• C) The factor demand curve will shift to the right if the price rises for the good the factor goes to produce.
• D) b and c
• E) a, b, and c

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Definitions:

External Factor

Elements outside of an individual's control that influence their behavior, decisions, or outcomes.

Social Role

The part an individual plays in a given social context, characterized by expected behaviors, responsibilities, and norms attributed to their position.

Correspondent Inference

A theory in social psychology that describes the conditions under which we infer the disposition or personality traits of another person based on observed behavior.

External Attribution

The process of assigning the cause of behavior to some situation or event outside a person's control rather than to some internal characteristic.