Which of the Following Is a Correct Statement About the Labor

question 119

Multiple Choice

Which of the following is a correct statement about the labor market?

• A)Price controls are absent from the labor market, just as they are absent from many markets in the economy.
• B)"The labor market" really consists of a multitude of labor markets for different types of workers.
• C)Workers determine the demand for labor, and firms determine the supply of labor.
• D)The forces of supply and demand, while present in the labor market, have nothing to balance in that market.

---

Definitions:

Gel Electrophoresis

A laboratory method used to separate mixtures of DNA, RNA, or proteins according to molecular size.

Restriction Enzymes

Proteins used by bacteria to cut DNA at specific sites, widely used in molecular biology for gene cloning.

Bacteria

Single-celled microorganisms that can exist either as independent organisms or as parasites, with some capable of causing diseases.