-Which of the Following Statements Is Correct Regarding an Individual

question 93

Multiple Choice

-Which of the following statements is correct regarding an individual firm which obtains its labour in a perfectly competitive labour market?

• A)It faces a downward-sloping labour demand curve and a upward-sloping labour supply curve.
• B)It faces an upward-sloping labour demand curve and a downward-sloping labour supply curve.
• C)It faces a downward-sloping labour demand curve and a horizontal labour supply curve.
• D)It faces a horizontal labour demand curve and a upward-sloping labour supply curve.

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Definitions:

Competitive

Characterized by or involving a contest, rivalry, or competition.

Anger and Hostility

Emotional states where anger involves upset or displeasure, and hostility often includes aggressive attitudes and behaviors.

Coronary Risk

The likelihood or risk factors associated with the development of coronary heart disease, a condition characterized by reduced blood flow to the heart muscle.

Type A Personality

A personality style marked by a strong competitive orientation, impatience and urgency, and anger and hostility.