Multiple Choice
What is the relationship between wages and the supply of labor?
A) The higher the wage, other things constant, the more labor supplied.
B) The higher the wage, other things constant, the less labor supplied.
C) The higher the wage, other things constant, firms hire more workers.
D) The higher the wage, other things constant, firms hire fewer workers.
E) There is no relationship between wages and labor.
Correct Answer:
Verified
Correct Answer:
Verified
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