A Firm's Demand Curve for Labour Will Shift Because Of

question 79

Multiple Choice

A firm's demand curve for labour will shift because of:

• A) a decrease in the wage rate.
• B) an increase in the wage rate.
• C) changes in preferences and the cultural norms that define how much we work.
• D) a change in the product's price.

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Definitions:

Fairly Efficient

Describes a process or system that achieves its goals with a reasonable amount of resources or effort.

Pumps

Mechanical devices used to move fluids (liquids or gases) from one place to another, often by creating a vacuum or pressure difference.

Crop

A crop is a plant or plant product that can be grown and harvested extensively for profit or subsistence.

Diagram

A basic illustration that depicts the look, framework, or function of an object in a diagrammatic form.