When Labor Demand Decreases, the Wage Is Expected To

question 36

Multiple Choice

When labor demand decreases, the wage is expected to:

• A) increase.
• B) decrease.
• C) remain the same.
• D) change in an indeterminate direction.

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Definitions:

Nulli-

A prefix that denotes none or without, often used in medical terms to denote the absence of certain experiences or conditions.

Concentrate

To increase the strength or proportion of a substance by reducing its volume, typically by evaporation or by removing water.

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Extraocular

Outside the eyeball, often relating to the muscles that control the movements of the eye.