Which of the Following Will Not Shift the Demand Curve

question 10

Multiple Choice

Which of the following will not shift the demand curve for labor?

• A) the use of a larger stock of capital with the labor force
• B) a change in the wage rate
• C) an increase in the price of the product that labor is helping to produce
• D) the adoption of a more efficient method of combining labor and capital in the production process

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Definitions:

Smooth Income

The practice or process of stabilizing income over time in order to manage fluctuations and avoid significant variations in earning levels.

Parity

A concept of economic equality or equivalence, such as between currencies or in the income levels between groups.

Price Supports

Government interventions to maintain the market price of a commodity or product at a certain level, often to protect producers from market fluctuations.

Marketing Loan Program

A federal farm subsidy under which certain farmers can receive a loan (on a per-unit-of-output basis) to plant a crop and then, depending on the harvest price of the crop, either pay back the loan with interest or keep the loan proceeds while forfeiting their harvested crop to the lender.