Suppose the Price of Capital and Labour Remain Constant

question 81

Multiple Choice

Suppose the price of capital and labour remain constant.As a firm's expenditures for capital and labour increase, its isocost line

• A)shifts out parallel to the original isocost line.
• B)shifts in parallel to the original isocost line.
• C)rotates outward on the Y-intercept.
• D)rotates outward on the X-intercept.

---

Definitions:

Civil Rights Movement

A historic struggle for equality and the end of racial segregation and discrimination against African Americans, primarily taking place in the 1950s and 1960s in the United States.

Black Nationalism

A political and social movement advocating for the empowerment, self-determination, and unity of black people, often in response to racism and discrimination.

Marcus Garvey

A Jamaican political leader, publisher, journalist, entrepreneur, and orator who was a staunch proponent of the Black nationalism and Pan-Africanism movements, aiming to empower people of African descent.

Homophily

The tendency of individuals to associate and bond with others who are similar to themselves in characteristics such as beliefs, values, and social background.