The Labor Demand Curve Is Negatively Sloped Because

question 34

Multiple Choice

The labor demand curve is negatively sloped because:

• A) more people are willing to work at low wages than at high wages.
• B) more people are willing to work at high wages than at low wages.
• C) employers are willing to hire more people at low wages.
• D) employers are willing to hire more people at high wages.

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Definitions:

Ownership Percentage

This refers to the fraction or percentage of a company or asset that is owned by a particular shareholder or investor.

Voting Stock

Shares of a company that grant the shareholder the right to vote on company matters, such as electing the board of directors, at shareholder meetings.

Available-For-Sale

A classification for financial assets indicating that they can be sold in the future but are not held for active trading or intended to be held to maturity.

Net Income

This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, often referred to as the bottom line.