Which of the Following Statements Concerning the Supply of Labor

question 128

Multiple Choice

Which of the following statements concerning the supply of labor is true ?

• A) The supply of labor is determined by the prevailing wage rate.
• B) The labor supply curve is downward sloping.
• C) The wage rate has no effect on the supply of labor.
• D) None of the above.

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Definitions:

Remedies Sought

The legal means or actions pursued by a plaintiff or complainant in a lawsuit seeking relief or justice for grievances.

West's Federal Appendix

A reporter of federal court decisions that are not selected for publication in the Federal Reporter.

Binding Precedent

A previous court decision that must be followed by lower courts within the same jurisdiction in cases involving similar facts or legal issues.

Persuasive

Having the ability to convince someone to do or believe something through reasoning or the use of temptation.