When Labor Supply Is Less Than Labor Demand Which of the Following

question 2

Multiple Choice

When labor supply is less than labor demand which of the following is True?

• A) Less money is needed to recruit.
• B) Wages can remain unchanged.
• C) The labor market is considered loose.
• D) Wages are generally increased.
• E) This is considered an ideal scenario for employers.

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Definitions:

Regular Trial

A formal judicial proceeding where a case is heard and decided, usually in front of a judge and possibly a jury.

Supreme Court

The highest judicial court in a country or state, often having the final say in legal matters and interpretations of the law.

Class Action

A lawsuit filed by one or more plaintiffs on behalf of a larger group who are all affected by the same issue, allowing for collective legal action.

Demurrer

A legal objection that an opponent's point is irrelevant or invalid, while granting the factual basis of the point.