Which of the Following Will Not Shift the Demand Curve

question 323

Multiple Choice

Which of the following will not shift the demand curve for labor?

• A)the use of a larger stock of capital with the labor force
• B)a change in the wage rate
• C)an increase in the price of the product that labor is helping to produce
• D)the adoption of a more efficient method of combining labor and capital in the production process

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Definitions:

Third-Party Claim

A claim made by a defendant against someone who is not already a party to the lawsuit, asserting that this "third party" is actually liable for the plaintiff's damages.

Privity of Contract

A principle indicating that only the parties involved in a contract have the rights and obligations arising from it.

Buyer's Obligation

A purchaser's duty to pay the agreed price for goods or services and to comply with the terms of the contract of purchase.

Credit Sale

A transaction where goods or services are provided in exchange for a promise to pay at a later date.