The Demand for Labor Curve

question 249

Multiple Choice

The demand for labor curve

• A) is downward sloping because productivity of labor diminishes as more workers are employed.
• B) is upward sloping and the supply curve of labor is downward sloping.
• C) is upward sloping because productivity of labor diminishes as more workers are employed.
• D) shifts rightward when the real wage rate rises.

---

Definitions:

Bystander Effect

A well-documented effect in social psychology where the presence of onlookers reduces a person's inclination to offer help to those in distress.

Social Exchange Theory

A psychological theory proposing that human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Altruism

A selfless concern for the well-being of others without expectation of reward or recognition.

Unselfishly

Acting with regard for the welfare of others rather than oneself; showing selflessness.