13.3 Explaining the Existence of Unemployment

question 43

Multiple Choice

13.3 Explaining the Existence of Unemployment
-When a firm pays higher wages for its workers to improve workers' productivity, the firm pays

• A) sticky wages.
• B) flexible wages.
• C) efficiency wages.
• D) minimum wages.

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Definitions:

Eisenhower

Dwight D. Eisenhower, the 34th President of the United States, who led the country during a period of great economic prosperity and was a supreme commander of the Allied forces in Europe during World War II.

Diplomatic Ties

Formal relationships between two countries, characterized by diplomatic communication and cooperation.

Obama

Referring to Barack Obama, the 44th President of the United States, who served from 2009 to 2017 and is the first African American to hold the office.

Article II

A section of the United States Constitution which outlines the executive branch of the government, including the powers of the President.