If the Price of Capital Rises,in the Long Run the Demand

question 105

Multiple Choice

If the price of capital rises,in the long run the demand for labor

• A) definitely increases.
• B) definitely decreases.
• C) definitely is unaffected.
• D) could increase or decrease, depending on the change in the scale of production.
• E) changes only if the supply of labor changes.

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Definitions:

Overidentification

The excessive association of one's self with the characteristics, achievements, or failures of someone else or a group.

Foreign-Born Population

Individuals residing in a country who were born in another country, contributing to the diversity and demographic characteristics of the host nation.

Illegally

In violation of statutes, laws, regulations, or ordinances; not authorized by law.

Antimiscegenation Laws

Historical laws in the United States that made it illegal for individuals of different racial backgrounds to marry or engage in sexual relationships.