If the Price of Capital Falls,in the Long Run Under

question 160

Multiple Choice

If the price of capital falls,in the long run under what circumstance could the demand for labor increase?

• A) The demand for labor can never increase when the price of capital falls.
• B) The demand for labor will always increase when the price of capital falls.
• C) It increases if the scale of production increases enough.
• D) It increases if the demand for labor is inelastic.
• E) None of the above answers is correct.

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Definitions:

Likert

Refers to a psychometric scale commonly used in surveys to measure attitudes or opinions, typically allowing respondents to express the degree of their agreement with statements.

Closed-Ended

Pertaining to a type of question or statement in surveys or research that limits responses to predetermined options.

Cooperative Play

A form of play where individuals work together towards a common goal or objective, emphasizing teamwork and collaboration.

Playground Equipment

Fixed or movable outdoor installations designed for children to play on, such as slides, swings, and climbing frames.