The Quantity Demanded of Labor Will Decrease If

question 138

Multiple Choice

The quantity demanded of labor will decrease if:

• A)the productivity of labor decreases.
• B)the productivity of labor increases.
• C)the price of labor rises.
• D)there is an increase in the supply of a factor labor uses.

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Definitions:

Positive Change

Modifications or adjustments leading to improvement and adding value to a situation or process.

Complexity

The state or quality of being intricate or complicated, often referring to systems, organizations, or problems with multiple interrelated parts.

Uncertainty

A condition of limited knowledge where it is impossible to exactly describe an existing state or future outcome.

Resource Input Stakeholders

Individuals or groups who provide essential resources or inputs needed for a project, business, or any initiative to succeed.