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LM&U Slide 2 Flashcards | StudBud

Explore/LM&U Slide 2

LM&U Slide 2

5 terms·StudBud Administration·19 plays

Annah, Avary, Nick

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Questions 5

Answers

1
______ buy more labor hours at lower wages than higher wages
employers
McDonalds
Mrs. Sexton
laborers
2
Supply of labor looks like supply in a (an) _____ slope
downward
decreasing
upward
fast
3
Opportunity cost is too ____ at $2, drops as the wage increases to $10, $50
flat
much
high
low
4
Workers are willing to work more at higher wages than lower wages
False
True
5
Demand for labor looks like demand on a graph in a _____
upward slope
supply curve
equilibrium
downward slope