Which of the Following Increases in Labor Demand Is Due

question 189

Multiple Choice

Which of the following increases in labor demand is due to a change in the price of a related resource?

• A) Software sales rise, thus increasing the demand for software developers.
• B) Snowboarding increases in popularity, thus increasing the demand for the workers who make snowboards.
• C) A decrease in the price of wood decreases the cost of furniture, thus increasing the demand for furniture workers.
• D) A technological change increases output per worker in the computer industry, thus increasing the demand for computer workers.

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Definitions:

Business Climate

The economic and regulatory environment that affects the operation, growth, and profitability of businesses.

Industrialized Countries

are nations that have highly developed industries and infrastructure, often characterized by high levels of income and technology.

U.S. Labor Law

The collection of federal and state laws governing employment relationships, workplace rights, and labor organization in the United States.

Unionization Rates

The percentage of workers in a particular sector, industry, or region that are members of a labor union.