Scenario 18-1 Madison Kelp Owns Three Boats, Which Participate in Commercial Fishing

question 123

Multiple Choice

Scenario 18-1
Madison Kelp owns three boats, which participate in commercial fishing for fresh Pacific salmon off the coast of British Columbia.As part of her business, she hires a captain and several crewmembers for each boat.In the market for fresh Pacific salmon, there are thousands of firms like Madison's.While Madison usually catches a significant number of fish each year, her contribution to the entire harvest of salmon is negligible relative to the size of the market.
-Refer to Scenario 18-1.When Madison participates in the labour market to hire crewmembers for her boats,what is she most likely considered to be

• A)a demander of labour services
• B)a supplier of labour services
• C)a buyer of capital
• D)a demander of capital

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Definitions:

Tangible

Refers to something that is touchable, material, or capable of being physically handled or measured.

Expressive

The quality of effectively conveying thoughts, feelings, and emotions through speech, writing, or artistic expression.

Extroversion

A personality trait characterized by outgoingness, high energy, and sociability.

Big Five Model

A psychological theory that outlines five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.