Worker mobility and transition aid to workers are two ways to offset some of the impacts of:
A. increase in labor demand.
B. increases in the labor supply.
C. the long-term increase in real wages.
D. increasing wage inequality.
Answer: D
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The figure above shows the market for fast food restaurant employees in a college town in a small nation to the East. The local Taco Bell pays its workers $12 an hour. This wage rate is
A) designed reduce the unemployment rate. B) an effort to increase the demand for labor. C) illegal because the equilibrium wage rate is $6 an hour. D) an efficiency wage aimed at reducing employee turnover. E) the actual equilibrium wage rate.
What will be the effects of an increase in real output on the interest rate?
What will be an ideal response?
Large income differences will be eradicated if the market mechanism is working well
a. True b. False Indicate whether the statement is true or false
The efficiency-wage theory of worker health is
a. more relevant for explaining unemployment in less developed countries than in rich countries. b. more relevant for explaining unemployment in rich countries than in less developed countries. c. equally relevant for explaining unemployment in less developed countries and in rich countries. d. not relevant for explaining unemployment.