Which of the Following Is TRUE

question 109

Multiple Choice

Which of the following is TRUE?
I. The market supply curve for labor can be upward sloping or downward sloping.
II. As wages increase, the market labor supply curve slopes upward because some people are willing to work more hours.
III. As wages increase in the health care industry, the market labor supply curve slopes upward because some workers from other industries decide to get jobs in health care.

• A) I only
• B) II only
• C) I, II, and III
• D) II and III only

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