A Decrease in the Wage Rate Causes

question 225

Multiple Choice

A decrease in the wage rate causes

• A) an increase in the quantity of labour demanded.
• B) a rightward shift of the firm's labour demand curve.
• C) a leftward shift of the firm's labour demand curve.
• D) a decrease in labour's productivity.

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Definitions:

Likelihood Risk

The probability that a particular threat will exploit a vulnerability to cause harm to an organization or system.

Paper Cut

A small, often painful, cut on the skin caused by the edge of a piece of paper.

Indirect Costs

Expenses that are not directly attributable to a specific project or activity, such as overhead costs.

Personnel

Employees or staff members working within an organization or a specific project.