The Labor Demand Curve

question 103

Multiple Choice

The labor demand curve:

• A) shows the relationship between the total quantity of labor demanded by all the firms in the economy and the wage rate.
• B) shows that, all things being equal, firms will want to hire a constant amount of labor at each wage rate.
• C) shows the relationship between the total quantity of employment demanded by all the workers in the economy and the wage rate.
• D) has a positive slope.

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Definitions:

Free Frank

Free Frank McWorter was an African-American man who bought his freedom from slavery, and later established the town of New Philadelphia, Illinois.

New Philadelphia

A historically significant town in Illinois, founded by Free Frank McWorter, an African American man, in 1836; it is notable for being the first town platted and registered by an African American before the American Civil War.

Ex-Slave

A person who has been emancipated from slavery or has escaped from enslavement.

Minstrelsy

A form of entertainment that originated in the 19th century, characterized by performances that stereotyped African-Americans, often by white performers in blackface.