The Equilibrium Wage

question 7

Multiple Choice

The equilibrium wage

• A)is the same in all labor markets
• B)occurs where the supply of labor curve begins to bend backward
• C)cannot be calculated because there are so many labor markets
• D)is determined by the market demand for labor and the market supply of labor
• E)is irrelevant because of unions

---

Definitions:

Reversible Figures

Optical illusions or images that can be perceived in more than one way, demonstrating the brain's interpretative processes.

Figure-Ground

A principle in perception and visual psychology, where the viewer separates an object (the figure) from its surroundings (the ground).

Visual Illusion

A perception that misleadingly differs from reality, often due to the brain's interpretation of visual stimuli in a way that contradicts physical measurements.

Distal Stimulus

An object or event in the external world that provides the basis for the sensory input that is ultimately processed by the sensory receptors.