If the price for a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce that product?
a. the demand for labor and the number of workers hired both increase.
b. the supply of labor and the number of workers hired both increase.
c. the demand for labor and the number of workers hired both decrease.
d. the supply of labor and the number of workers hired both decrease.
e. there is a movement along the demand for labor curve, and firms hire more workers.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.