There Will Be a ________ of Workers When the Wage

question 143

Multiple Choice

There will be a ________ of workers when the wage is ________ the equilibrium wage.

• A) surplus; at
• B) shortage; below
• C) shortage; above
• D) shortage; at
• E) surplus; below

---

Definitions:

Net Income

The amount of money left over after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.

End-of-Period Spreadsheets

Tools used in accounting to compile financial information at the end of an accounting period, aiding in the preparation of financial statements.

Current Ratio

A financial metric indicating a firm's capability to settle short-term debts due within a year, derived by dividing current assets by current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.