If the MRP of Labor Decreases, Labor

question 147

Multiple Choice

If the MRP of labor decreases, labor:

• A) demand will decrease.
• B) demand will increase.
• C) supply will increase.
• D) supply will decrease.
• E) demand and supply will be unaffected.

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Definitions:

Cult Of Domesticity

A prevailing value system among the upper and middle classes during the 19th century in the United States and Britain that emphasized the role of women as custodians of morality and domesticity.

Market Revolution

The major transformation in the 19th century U.S. economy characterized by rapid industrialization, expansion of markets, and significant social changes.

Republican Motherhood

The ideology that emerged as a result of American independence where women played an indispensable role by training future citizens.

Transcendentalism

A philosophical movement that emerged in the 1830s in the United States, emphasizing intuition, spirituality, and the inherent goodness of nature and humanity.