Which sentence describes how the labor market is like other markets?
a) wages are high when both the supply and demand for labor are low.
b) wages are high when both the supply and demand for labor are high.
c) wages are high when the supply of labor is high and the demand for labor is low.
d) wages are high when the supply of labor is high and the demand for labor is high.
, i keep getting mixed up with the question xd
also, would you classify economics for social studies or business for the category?

C) wages are high when the supply of labor is high and the demand for labor is low.

Explanation:

The workers offer their work to the companies in exchange for a salary and, while they work, they give up other activities such as having fun, cleaning the house, taking care of their relatives, etc.

If wages increase, people will be more motivated to work and the labor supply will be high. In addition, if wages increase, companies will reduce the demand for labor, as it is more expensive to hire.

And I think that t is correct to place this type of macroeconomics questions in this category of social studies.

answer is b.shrapnel

abolish

do away with

unanimous

in complete agreement

secede

separate; break free

inauguration

starting a new position with a formal ceremony.

cooperationist

people who wanted the north to cooperate with the south

surrender

to give up

volunteer

perform a service for free

draft

involuntary service in military

retreat

withdraw; move away from enemy

advisor

expert who gives advice

explanation: