Which of the Following Is False

question 217

Multiple Choice

Which of the following is false?

• A)An increase in labor productivity will shift the demand curve for labor to the right.
• B)An increase in wage will lead to an increase in the supply of labor.
• C)A decrease in the nonwage income of workers would shift the labor supply curve to the right.
• D)If job conditions deteriorate, it would lead to a reduction, or leftward shift, in the labor supply curve.
• E)If the demand for labor increased faster than the supply, the real wages of workers would rise.

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Definitions:

Equity

The value of the shares issued by a company, representing the ownership interest in the company's assets after liabilities are subtracted.

Accounts Payable

The short-term liabilities or obligations a company owes to its suppliers or creditors for goods and services received.

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.

Accounts Payable

Amounts a company owes to suppliers or creditors for goods and services received but not yet paid for, recorded as a liability.