Decreases in the Demand Curve for Labor May Arise from ____

question 15

Multiple Choice

Decreases in the demand curve for labor may arise from ____ in labor productivity or from ____ in the price of the good.

• A) increases; increases.
• B) increases; decreases.
• C) decreases; increases.
• D) decreases; decreases

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Definitions:

Force Majeure Clause

A contract provision that frees parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.

Commercial Arbitration

A form of arbitration to resolve business disputes outside the courts, where the parties involved appoint an arbitrator(s).

Commercial Invoice

A document used in international trade that details the price, type, and quantity of goods shipped, serving as a demand for payment.