The Demand Curve for Labor Will Shift Whenever

question 157

Multiple Choice

The demand curve for labor will shift whenever

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

---

Definitions:

Wide Variety

A broad assortment or range of different items, types, or categories.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans.

Psychosocial Challenge

Difficulties or issues in an individual's psychological development in and interaction with a social environment.

Initiative Vs. Guilt

A stage in Erik Erikson's theory of psychosocial development where children aged 3 to 6 years begin to assert power and control over their world through directing play and other social interactions.