Scenario 18-2
Gertrude Kelp owns three boats that participate in commercial fishing for fresh Pacific salmon off the coast of Alaska. As part of her business she hires a captain and several crew members for each boat. In the market for fresh Pacific salmon, there are thousands of firms like Gertrude's. While Gertrude usually catches a significant number of fish each year, her contribution to the entire harvest of salmon is negligible relative to the size of the market.
-Refer to Scenario 18-2. When Gertrude participates in the labor market to hire crew members for her boats, she is most likely considered a
A) demander of labor services.
B) supplier of labor services.
C) demander of capital.
D) supplier of capital.
Correct Answer:
Verified
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Gertrude Kelp owns three boats that
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Gertrude Kelp owns three boats that
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Gertrude Kelp owns three boats that
Q469: Figure 18-4
The graph below illustrates the market
Q472: Scenario 18-2
Gertrude Kelp owns three boats that
Q473: Figure 18-4
The graph below illustrates the market
Q474: Which of the following would decrease the
Q475: Figure 18-4
The graph below illustrates the market
Q476: Figure 18-4
The graph below illustrates the market
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