The Equilibrium Quantity of Labor Will Definitely Increase If

question 41

Multiple Choice

The equilibrium quantity of labor will definitely increase if:

• A) Demand for labor decreases and the supply of labor is constant.
• B) Supply of labor increases and the demand for labor is constant.
• C) Supply of labor decreases and the demand for labor is constant.
• D) Supply of labor decreases and the demand for labor increases.

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Definitions:

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.

Transnational Corporation

A large company that operates in several countries around the world.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

World Bank

A global financial organization offering loans and grants to low-income country governments to support capital projects.