If at a Particular Wage Rate in a Competitive Labour

question 104

Multiple Choice

If at a particular wage rate in a competitive labour market the quantity demanded of labour is less than quantity supplied of labour, then

• A) the demand curve for labour will shift to the right.
• B) there will be a shortage of labour, thereby increasing the equilibrium wage rate.
• C) the supply curve for labour will shift to the right.
• D) some workers will begin to accept lower wages and induce employers to hire more workers.
• E) a black market for labour will form, with firms offering workers very high wages.

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Definitions:

Psychosexual Milestone

Stages in Freudian theory where individuals face conflicts between biological drives and social expectations.

Sexual Information

Information pertaining to human sexuality, including sexual behavior, relationships, and sexual health.

Sexual Arousal

is the physiological and psychological state of being stimulated and prepared for sexual activity.

Childhood Masturbation

A natural exploration of one's own body by children, leading to pleasure, often misunderstood by adults.