The Wage Paid to Labor Should Increase When

question 84

Multiple Choice

The wage paid to labor should increase when:

• A) the capital-labor ratio increases.
• B) the capital-labor ratio decreases.
• C) a country's labor force increases.
• D) a country's capital stock decreases.

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Definitions:

Undeposited Funds

An account used in accounting to hold funds that have been received but not yet deposited into a bank account.

Customer Payments

The transactions where a customer pays the company for goods or services provided.

Asset Account

An account on a balance sheet representing resources owned by a company with future economic value.

Debited

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.