The Demand Curve for Labor Will Shift Whenever

question 98

Multiple Choice

The demand curve for labor will shift whenever

• A) the wage rate changes.
• B) the marginal factor cost changes.
• C) demand for the final product changes.
• D) the supply of labor changes.

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Definitions:

Biological Species Concept

A definition of species whereby individuals are considered to belong to the same species if they are capable of interbreeding and producing fertile offspring.

Bacteria

Microscopic, single-celled organisms that can be found in a variety of environments; some are beneficial while others can cause diseases in humans, animals, and plants.

Background Extinction

The continuous, low-level extinction of species that has occurred throughout much of the history of life. Compare with mass extinction.

Continuous

A term used to describe a non-interrupted or unbroken series, sequence, or progression.