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Describe how you would think about social identity theory as it relates to your own memberships in two groups.Explain what is meant by a particular social identity being salient,and what that might mean for your attitudes and/or behaviors.
Real Wages
Wages adjusted for inflation, reflecting the purchasing power of income earned from work.
Output per Worker
A measure of labor productivity calculated as the total output produced divided by the number of workers.
Market Supply Curve
A graphical representation showing the quantity of a good that sellers are willing and able to sell at different prices.
Labor
The human effort, both physical and mental, used in the production of goods and services.
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