Which Would Decrease the Demand for a Particular Type of Labor

question 43

Multiple Choice

Which would decrease the demand for a particular type of labor?

• A) An increase in the demand for the products produced by that type of labor
• B) An increase in the prices of the resources that are complements to that type of labor
• C) A decrease in the prices of those resources that are complements for that type of labor
• D) An increase in the wages of that type of labor

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Cash Inflows

Refers to the money received by a business from its various sources, such as sales revenue, investment income, and financing.

Straight-Line Method

A depreciation method that allocates the cost of an asset evenly over its useful life.

Incremental Net Operating Income

The difference in net operating income between two alternatives.