If the Wage Paid to Workers Increases, the Labor Demand

question 219

Multiple Choice

If the wage paid to workers increases, the labor demand curve

• A) will not shift.
• B) shifts to the left and fewer workers are hired.
• C) shifts to the right and more workers are hired.
• D) shifts to the right and fewer workers are hired.

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Definitions:

Social Capital Dimension

Aspects of social networks and relationships that facilitate cooperation, trust, and mutual benefit among individuals or groups.

Contacts

Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.

Social Capital

A term representing the networks, relationships, and norms that facilitate collective action within or among groups.

Social Ties

The connections and relationships between individuals or groups that can provide support, information, or access to resources.