In the Graph of Supply and Demand in the Market

question 27

Multiple Choice

In the graph of supply and demand in the market for labor:

• A)individuals make up the demand curve.
• B)the equilibrium price of labor is the price of the output.
• C)firms are the demanders.
• D)equilibrium is rarely achieved.

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Definitions:

Hawaiian System

In kinship terminology, a system in which all relatives of the same sex and generation are referred to by the same kin term; also known as the generational system.

Unilineal Descent System

A system of kinship tracing descent exclusively through either the male or female line, but not both.

Descent System

A way of tracing kinship and inheritance through either the maternal or paternal line.

Mode of Subsistence

Refers to the means by which a society obtains its basic needs for survival, such as through hunting, gathering, agriculture, or industry.