If Individuals Are Paid the Wage at Which the Supply

question 14

Multiple Choice

If individuals are paid the wage at which the supply of labor is equal to the demand for labor,

• A) no unemployment exists, and workers have no incentive to shirk.
• B) no unemployment exists, and workers have an incentive to shirk.
• C) some unemployment still exists, but workers have no incentive to shirk.
• D) some unemployment still exists, but managers can tell whether or not workers are shirking.

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Definitions:

List

A collection or sequence of items, often arranged in a particular order, that can be used for reference, organization, or processing.

Query

A request for data or information from a database or information system that generates a specific set of results based on the parameters of the request.

Foreign Key

A column or set of columns in a database table that provides a link between data in two tables, enforcing referential integrity.

Calculated Field

A field in databases or spreadsheets that gets its value from the formula or expression defined by other fields.