Which of the Following Statements Concerning the Supply of Labor

question 132

Multiple Choice

Which of the following statements concerning the supply of labor is true?

• A) The supply of labor is determined by the prevailing wage rate.
• B) The labor supply curve is downward sloping.
• C) The wage rate has no effect on the supply of labor.
• D) None of these.

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Definitions:

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.

Conditioned Response

A conditioned response is a learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.

Unconditioned Stimulus

In classical conditioning, it is a stimulus that naturally and automatically triggers a response without prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.