If the Wage Rate Increases,a Firm's Demand for Labor Curve

question 97

Multiple Choice

If the wage rate increases,a firm's demand for labor curve

• A) does not shift, and there is no movement along it.
• B) shifts leftward.
• C) shifts rightward only if the elasticity of demand for labor is elastic.
• D) does not shift, but there is a movement along it.
• E) shifts rightward only if the elasticity of demand for labor is inelastic.

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Definitions:

Forum Non Conveniens

A doctrine allowing courts to dismiss a case when another court, or forum, is significantly more appropriate to hear the case.

Exercise Jurisdiction

The act of applying or enforcing legal authority over a particular area, group, or issue.

More Convenient Forum

A legal doctrine allowing courts to transfer a case to a jurisdiction that is more suited for all parties involved or for the witnesses.

Lex Mercatoria

A body of commercial law and customs used by merchants throughout Europe during the medieval period, which still influences international trade law today.