An Increase in the Price of Aluminum Increases the Cost

question 150

Multiple Choice

An increase in the price of aluminum increases the cost of producing aluminum products and reduces the demand for aluminum workers.This decrease in labor demand would be caused by which change in a determinant of labor demand?

• A) A fall in labor productivity
• B) An increase in product demand
• C) A decrease in product demand
• D) An increase in the price of another resource

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Definitions:

Tort Of Defamation

The tort of defamation involves making false statements about another person that cause harm to their reputation.

Unenforceable

A term applied to a contract that, because of a law, cannot be enforced by the courts.

False Information

The act of providing incorrect, untrue, or misleading details about something or someone, often with the intent to deceive.

Implied Ratification

The acceptance and endorsement of a previously unauthorized act by acting in a manner that recognizes it as valid or by failing to repudiate it.