Which of the Following Is a Correct Statement About the Labour

question 107

Multiple Choice

Which of the following is a correct statement about the labour market?

• A)workers determine the supply of labour and firms determine the demand for labour
• B)workers determine the demand for labour and firms determine the supply of labour
• C)workers determine the supply of labour and government determines the demand for labour
• D)government determines the supply of labour and firms determine the supply of labour

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Definitions:

Bond Discount

The difference between the face value of a bond and its selling price, when the bond is sold for less than its face value.

Market Rate

The Market Rate is the current price or rate at which a good or service can be bought or sold in a competitive marketplace.

Issue Price

It refers to the price at which a new security, such as a bond or stock, is offered to the public for sale.