Scenario 18-1
Madison Kelp owns three boats, which participate in commercial fishing for fresh Pacific salmon off the coast of British Columbia.As part of her business, she hires a captain and several crewmembers for each boat.In the market for fresh Pacific salmon, there are thousands of firms like Madison's.While Madison 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 18-1.When Madison participates in the labour market to hire crewmembers for her boats,what is she most likely considered to be

Question

Quizplus · Accepted Answer

Madison is hiring a captain and crewmembers to work on her boats, which makes her a demander of labour services. She is not supplying labour services herself, and there is no indication that she is buying or demanding capital for her business.

Scenario 18-1 Madison Kelp Owns Three Boats, Which Participate in Commercial Fishing