Usually the Demand for Labour Decreases (That Is, the Demand

question 73

Multiple Choice

Usually the demand for labour decreases (that is, the demand for labour curve shifts leftward) if the

• A) prices of other factors fall.
• B) wage rate decreases.
• C) price of the firm's output rises.
• D) wage rate increases.

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Definitions:

Urban Areas

refer to regions characterized by higher population density and vast human features in comparison to areas surrounding them.

Rural Ones

People or communities residing in countryside areas, often characterized by a lower population density and agriculture-based economy.

Stratified Systems

Social structures that divide people into different layers or classes based on various criteria such as wealth, power, and social status.

Social Class

A division of society based on social and economic status.