When the Quantity of Labour Demanded Exceeds the Quantity of Labour

question 9

Multiple Choice

When the quantity of labour demanded exceeds the quantity of labour supplied, the real wage rate

• A)rises to eliminate the labour market shortage.
• B)falls to eliminate the labour market surplus.
• C)rises to eliminate the labour market surplus.
• D)falls to eliminate the labour market shortage.
• E)does not change, but the money wage rate rises to eliminate the labour market shortage.

---

Definitions:

Prokaryotic

Referring to organisms, such as bacteria and archaea, that lack a nucleus and other membrane-bound organelles.

Archaea

A category of unicellular microorganisms that are genetically different from both bacteria and eukaryotes, frequently located in harsh environments.

Cell Theory

A fundamental principle in biology stating that all living organisms are composed of cells, which are the basic unit of life, and that all cells come from pre-existing cells.

Matthias Schleiden

A German botanist and co-founder of cell theory, who in 1838 proposed that all plant tissues are composed of cells and that plant growth results from the production and expansion of these cells.