Which of the Following Decreases in Labor Demand Is Due

question 331

Multiple Choice

Which of the following decreases in labor demand is due to a change in the price of a related resource?

• A)A decline in the demand for computers in Europe reduces the demand for workers in the domestic computer industry.
• B)The rise of hair salons for both men and women reduces the demand for barbers.
• C)A decrease in the educational skills of manufacturing workers decreases the demand for such workers.
• D)An increase in the price of chemical equipment increases the cost of producing fertilizer, thus decreasing the demand for workers who make fertilizer.

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Definitions:

Startup Business

A nascent company aiming to fill a gap in the market and rapidly grow in terms of customers and revenues.

Liability

The state of being legally responsible for something, typically referring to the obligation to compensate others for loss or damage caused by one’s actions.

Control

The power or authority to manage, direct, or influence something or someone's actions or operations.

Doctrine

A principle or body of principles presented for acceptance or belief by a religious, political, scientific, or philosophic group.