The Demand for Labor

question 22

Multiple Choice

The demand for labor
i.depends on the availability of labor.
ii.decreases when the supply of labor increases.
iii.depends on the value of marginal product of labor.

• A) i only
• B) i and ii
• C) iii only
• D) i and iii
• E) i, ii, and iii

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Definitions:

Negligent Hiring

A legal claim made against an employer for hiring someone who they knew or should have known was likely to behave in a dangerous or harmful manner.

Direct Liability

Direct liability is the legal responsibility that arises from one's own actions or omissions, directly causing harm or loss to another party.

Tortious Conduct

Actions by one party that cause harm or loss to another, which can be grounds for a civil lawsuit under tort law.

Independent Contractors

Individuals or companies contracted to perform tasks or services for another entity under terms specified in a contract, not classified as employees.